Howmet Aerospace Inc. — Director's Dealing 2005

May 11, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2005-05-10

Reporting Person: KELSON RICHARD B (Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-10	Common Stock	G	758	—	Disposed	287464	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9531	Indirect