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Arconic and Elliott Reach Resolution to End Proxy Contest

NEW YORK–(BUSINESS WIRE)–Arconic (NYSE: ARNC) (the “Company”) today announced that it has entered into an agreement with affiliates of Elliott Management Corporation (collectively, “Elliott”), which have combined beneficial and economic ownership of approximately 13.2% of the Company’s outstanding common stock, to resolve the pending proxy contest in connection with the Company’s May 25, 2017 annual meeting of shareholders. Under the terms of the agreement, Elliott will nominate Christopher L