ALCOA COMPLETES ACQUISITION OF HOWMET
PITTSBURGH, June 20, 2000 - Alcoa Inc. announced today that it completed
its acquisition of Howmet International Inc. As a result of the
acquisition, which became effective today, each outstanding share of Howmet
common stock was converted into the right to receive $21.00 in cash,
without interest. Howmet stock ceased to be traded on the New York Stock
Exchange as of the close of business on Monday, June 19, 2000.
Howmet stockholders who hold their own stock certificates will receive
notice in the mail regarding the process to surrender their shares for
cash. Howmet stockholders whose shares are held through banks or brokers
will receive information about their holdings from those institutions.
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Editorial Contact: Joyce A. Saltzman
1 412 553 4462
Investor Relations: Charles D. McLane
Randall J. Killeen
1 412 553 2231
