Arconic Inc. (NYSE: ARNC) (the “Company”) announced today that
shareholders have approved, at a special meeting held earlier today, the
Company’s reincorporation from Pennsylvania to Delaware.

In order to effect the reincorporation, Arconic shareholders approved
the merger of the Company with a newly formed subsidiary, incorporated
in Delaware, which will be the surviving corporation and retain the
Arconic Inc. name following the reincorporation. Shareholders also
approved, on an advisory basis, the annual election of the full Arconic
Board of Directors following the reincorporation and that the Company’s
post-reincorporation certificate of incorporation will not contain any
supermajority voting requirements.

Arconic currently expects the reincorporation merger to be effective on
or about December 31, 2017.

Additional information about the reincorporation can be found in
Arconic’s definitive proxy statement, filed with the U.S. Securities and
Exchange Commission (SEC) on October 16, 2017, available free of charge
at the SEC’s website, www.sec.gov,
or at
www.arconic.com
.

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:
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,

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,

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,

LinkedIn

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

Forward-Looking Statements

This release contains statements that relate to future events and
expectations and as such constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include those containing such words as
“anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,”
“goal,” “guidance,” “intends,” “may,” “outlook,” “plans,” “projects,”
“seeks,” “sees,” “should,” “targets,” “will,” “would,” or other words of
similar meaning. All statements that reflect Arconic’s expectations,
assumptions or projections about the future, other than statements of
historical fact, are forward-looking statements, including, without
limitation, forecasts and expectations relating to the aerospace,
automotive, commercial transportation and other end markets; statements
and guidance regarding future financial results or operating
performance; and statements about Arconic’s strategies, outlook,
business and financial prospects. These statements reflect beliefs and
assumptions that are based on Arconic’s perception of historical trends,
current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances.
Forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties, and changes in circumstances that
are difficult to predict. Although Arconic believes that the
expectations reflected in any forward-looking statements are based on
reasonable assumptions, it can give no assurance that these expectations
will be attained and it is possible that actual results may differ
materially from those indicated by these forward-looking statements due
to a variety of risks and uncertainties. Such risks and uncertainties
include, but are not limited to: (a) deterioration in global economic
and financial market conditions generally; (b) unfavorable changes in
the markets served by Arconic; (c) the inability to achieve the level of
revenue growth, cash generation, cost savings, improvement in
profitability and margins, fiscal discipline, or strengthening of
competitiveness and operations anticipated or targeted; (d) changes in
discount rates or investment returns on pension assets; (e) Arconic’s
inability to realize expected benefits, in each case as planned and by
targeted completion dates, from acquisitions, divestitures, facility
closures, curtailments, expansions, or joint ventures; (f) the impact of
cyber attacks and potential information technology or data security
breaches; (g) any manufacturing difficulties or other issues that impact
product performance, quality or safety; (h) political, economic, and
regulatory risks in the countries in which Arconic operates or sells
products; (i) material adverse changes in aluminum industry conditions,
including fluctuations in London Metal Exchange-based aluminum prices;
(j) the impact of changes in foreign currency exchange rates on costs
and results; (k) the outcome of contingencies, including legal
proceedings, government or regulatory investigations, and environmental
remediation, which can expose Arconic to substantial costs and
liabilities; and (l) the other risk factors summarized in Arconic’s Form
10-K for the year ended December 31, 2016, Arconic’s Forms 10-Q for the
quarter ended June 30, 2017 and other reports filed with the Securities
and Exchange Commission. Arconic disclaims any intention or obligation
to update publicly any forward-looking statements, whether in response
to new information, future events, or otherwise, except as required by
applicable law. Market projections are subject to the risks discussed
above and other risks in the market.

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