"This award is a culmination of hard work and dedication on
the part of many Alcoa Flexible Packaging employees.alcoa. Established in
1985, Traco has grown into a recognized leader in the shrink packaging
industry.

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com

portpack.

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The award was given in honor of the late David L. The
company has 131,000 employees in 43 countries and has been a member of
the Dow Jones Industrial Average for 45 years and the Dow Jones
Sustainability Indexes since 2001.
Today, Traco is still growing and expanding in the packaging industry.

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"

About Alcoa Flexible Packaging

Alcoa Flexible Packaging, based in Richmond, Virginia,
manufactures a variety of packaging materials including extrusion and
adhesive laminated pouch materials, overwraps and linerstock, blister
lidding foil, thermoformed trays, cable wrap, plastic shrink sleeve
body labels, and shrink film.

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Alcoa Flexible Packaging Receives Supplier Award from Philip Morris

Business Editors

RICHMOND, Va . That began a journey that has led to a
successful enterprise with a solid reputation and a significant place in the
shrink film and packaging market.
John Palica remembers his beginning: "I knew that it would not be easy to
start a company from scratch, but I also knew that with a good idea and
surrounding myself with great people, success would come. We expect
that the next twenty years will be even better than the first twenty.

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About Alcoa

Alcoa is the world's leading producer and manager of primary
aluminum, fabricated aluminum and alumina facilities, and is active in
all major aspects of the industry. We maintain one of the
largest inventories of Polyolefin and PVC shrink film and shrink tubing in the
United States.

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"Receiving this recognition from Philip Morris, demonstrates our
pledge to customer satisfaction and continuous improvement to supply
quality laminated packaging products to one of the world's most
recognized brands," said Bimal Kalvani, president of Alcoa Flexible
Packaging. In 2004, John Palica was
named as a finalist for the Ernst + Young Entrepreneur Of The Year award.

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The Company also produces a wide
variety of plastic bottles for use in the dairy, water and juice
industries, including various high density bottles, as well as
five -gallon polycarbonate water bottles.
For more information about PTI, visit PTI's web site at
www .

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Improvement
criteria include quality, cost, security and technology, and delivery
and service .

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Traco manufactures a wide variety of packaging products
including custom shrink bags, tamper evident shrink bands, printed shrink
labels, and shrink packaging equipment.

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"It was our pleasure to award
the Dave Milby award to Alcoa Flexible Packaging for their commitment
to continuous improvement in 2004," said Richard Kelly, Vice
President, Purchasing, at Philip Morris USA.

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In addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap(R) foils and plastic wraps,
Alcoa(R) wheels, and Baco(R) household wraps. We are now a
thriving business that is a part of a vibrant industry.

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----Alcoa (NYSE:AA)
announced today that its Alcoa Flexible Packaging (AFP) business was
the recipient of the Excellence in Improvement award for best overall
improvement for the year 2004 from Philip Morris USA Inc.
During the next three years, Traco was recognized by Utah 100 as one of the
fastest growing companies in the state each year.

Portola Packaging Reports Termination of Tender Offer for Common Stock

com

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TRACO Manufacturing Celebrates 20 Years of Outstanding Service in the Packaging Industry

"

Traco Manufacturing is an industry-leading distributor, converter and
manufacturer of shrink film and shrink film equipment .portpack.techindustries.

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500
Magazine as one of the fastest growing privately held companies in America .----Portola
Packaging, Inc.

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The Company is
also engaged in the manufacture and sale of tooling and molds used in
the blow molding industry.

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Alcoa serves the aerospace,
automotive, packaging , building and construction, commercial
transportation and industrial markets, bringing design, engineering ,
production and other capabilities of Alcoa's businesses to customers.com

ABOUT PORTOLA TECH INTERNATIONAL:

Portola Tech International ("PTI") is a leading manufacturer and
marketer of plastic packaging components to the cosmetic, fragrance
and toiletries industry.

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These packaging materials serve the
world's leading consumer products manufacturers within the
pharmaceutical , medical, food + beverage, and industrial markets. Among its other
businesses are vinyl siding, closures , fastening systems, precision
castings, and electrical distribution systems for cars and trucks.

Today, Traco enjoys a stable business atmosphere and a loyal
customer base that bodes well for the future. In 1992, Traco was recognized by INC.

Business Editors/Manufacturing Writers

SAN JOSE, Calif. No
shares of its common stock were purchased. In addition to offering the largest stock
line of closures in the industry, with over 450 styles and sizes, PTI
has a complementary line of heavy wall PETG and polypropylene jars.

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"
AFP received the award during a PM USA Supplier Recognition event
held in Richmond, Virginia, last month. More information can be found at
www. We serve thousands of
loyal customers in the United States and several foreign countries. today announced that it has terminated its proposed
tender offer to purchase up to 172,413 shares of its common stock . For more information about Portola
Packaging, visit the Company's web site at www.

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Milby,
who served as Senior Vice President, Operations and Procurement
Services for Philip Morris and was a proponent of continuous
improvement.
This press release will be available under the "in the news "
section on the Company's web site at www.com

ABOUT PORTOLA PACKAGING, INC:

Portola Packaging is a leading designer, manufacturer and marketer
of tamper evident plastic closures used in dairy, fruit juice, bottled
water, sports drinks, institutional food products and other
non -carbonated beverage products.

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- Looking at a Bright Future -

OREM , Utah, TRACO Manufacturing is celebrating
its 20th year in business serving the packaging industry . In addition, the Company
designs, manufactures and markets capping equipment for use in high
speed bottling, filling and packaging production lines.

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John Palica started Traco with determination , hope and some financial help
from his late father John Palica Sr. PTI's capabilities include injection and
compression molding, thermal and ultraviolet metallizing, ultraviolet
one coat spray technologies , silk screening, hot stamping, lining and
multiple component assembly.

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AFP supplies a variety of packaging components for Philip Morris
tobacco products used worldwide and is the company's primary supplier
of the foil innerliner for its cigarette packages. "Alcoa consistently
demonstrated efforts that support our business relationship and we are
proud to consider them our partner.