Allegheny Technologies Inc. (ATI) announced that its Board of Directors declared a quarterly dividend of $0.06 per share of common stock. The dividend is payable June 29, 2004, to stockholders of record at the close of business June 21, 2004.

The Board expects to continue to evaluate relevant factors including results of operations, financial condition, cash flow and cash requirements in determining future dividends.

Allegheny Technologies Inc. (ATI) is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $1.9 billion in 2003. High-value products include nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steels, super stainless steel, exotic alloys, which include zirconium, hafnium and niobium, tungsten materials, and highly engineered strip and Precision Rolled Strip^® products. Commodity specialty materials include stainless steel sheet and plate, silicon and tool steels, and forgings and castings.