The Board of Directors of Arconic (NYSE: ARNC) today declared (a) a
dividend of 6 cents per share on the outstanding Common Stock of the
Company, payable on May 25, 2018, to the holders of record of the Common
Stock at the close of business on May 4, 2018; and (b) a dividend of
93.75 cents per share on Arconic’s $3.75 Cumulative Preferred Stock
(“Class A Stock”) payable on April 1, 2018 to the holders of record of
the Class A Stock at the close of business on March 9, 2018.

About Arconic

Arconic (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing techniques, we deliver these products at a quality and
efficiency that ensure customer success and shareholder value. For more
information: www.arconic.com.
Follow @arconic: Twitter,
Instagram,
Facebook,
LinkedIn
and YouTube.

Dissemination of Company Information

Arconic intends to make future announcements regarding Company
developments and financial performance through its website at www.arconic.com.

Arconic
Investor Contact
Patricia Figueroa, 212-836-2758
Patricia.Figueroa@arconic.com
or
Media Contact
Christa Zipf, 212-836-2605
Christa.Zipf@arconic.com