Alcoa Announces Cash Offers for Certain Securities

Alcoa

Alcoa Corporation ("Alcoa") (NYSE: AA)announces that its wholly-owned subsidiary, Alcoa Nederland Holding B.V. ("ANHBV"), has commenced the following offers to purchase:

(A) ANHBV's offer to purchase for cash any and all outstanding 5.500% senior unsecured notes due 2027 (the "Any and All Notes") issued by ANHBV, fully guaranteed on an unsecured basis by Alcoa (the "Any and All Offer"):

Title of Security

CUSIP / ISIN

Principal Amount Outstanding

Reference U.S. Treasury Security

Bloomberg Reference Page(1)

Fixed Spread

5.500% Senior Unsecured Notes due 2027

Rule 144A:

013822AE1 / US013822AE11

Regulation S:

N02175AD4 / USN02175AD40

US$750,000,000

2.875% U.S. Treasury due June 15, 2025

FIT 3

0 bps

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