The Board of Directors of Arconic (NYSE: ARNC) declared (a) a dividend
of 6 cents per share on the outstanding Common Stock of the Company,
payable on August 25, 2018, to the holders of record of the Common Stock
at the close of business on August 3, 2018; and (b) a dividend of 93.75
cents per share on Arconic’s $3.75 Cumulative Preferred Stock (“Class A
Stock”) payable on July 1, 2018 to the holders of record of the Class A
Stock at the close of business on June 8, 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:
Patricia Figueroa, (212) 836-2758
Patricia.Figueroa@arconic.com
or
Media:
Christa Zipf, (212) 836-2605
Christa.Zipf@arconic.com