The Board of Directors of Arconic (NYSE: ARNC) today declared (a) a
dividend of 93.75 cents per share on Arconic’s $3.75 Cumulative
Preferred Stock (“Class A Stock”), payable on July 1, 2017, to the
holders of record of the Class A Stock at the close of business on June
9, 2017; and (b) a dividend of $6.71875 per share on Arconic’s 5.375%
Class B Mandatory Convertible Preferred Stock (“Class B Stock”), payable
on July 1, 2017, to the holders of record of the Class B Stock at the
close of business on June 15, 2017. The dividend on the Class B Stock is
equivalent to a dividend of $0.671875 per Depositary Share (each
Depositary Share representing a 1/10th interest in a share of the Class
B Stock).

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,
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and YouTube.

Dissemination of Company Information

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

Arconic
Investor Contact:
Patricia Figueroa, 212-836-2758
Patricia.Figueroa@arconic.com
or
Media Contact:
Shona Sabnis, 212-836-2626
Shona.Sabnis@arconic.com