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Dec. 18, 2006 — Allegheny Technologies Inc. (ATI) announced that its Board of Directors has increased ATI’s quarterly dividend by 30% to $0.13 per share.

“Our core growth markets remain strong, and we are well-positioned to achieve continued profitable growth in 2007 and beyond,” said L. Patrick Hassey, Chairman, President, and CEO. “With a strong financial position and prospects for profitable growth, we are confident in ATI’s ability to generate the cash flow necessary to self-fund ATI’s proactive growth strategy, increase shareholder return, and improve ATI’s balance sheet.”

The new quarterly dividend rate of $0.13 per share of common stock is payable on December 29, 2006, to stockholders of record at the close of business on December 22, 2006.

The company also announced that it made a voluntary contribution of $100 million to its U.S. defined benefit pension plan on November 30, 2006.

Allegheny Technologies Inc. is one of the largest and most diversified specialty metals producers in the world with revenues of $4.4 billion during the most recent four quarters ending September 30, 2006. ATI’s major markets are aerospace and defense, chemical process industry/oil and gas, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. The company’s products include titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, grain-oriented silicon electrical steel and tool steels, and forgings and castings.

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