Jan. 25, 2006 — ATI Allegheny Ludlum is increasing transaction prices for all cold-rolled stainless steel sheet, strip, and Precision Rolled Strip^(R) products.

Transaction prices for these products will be increased by approximately 3%, based on February 2006 surcharge levels. The increase, which takes affect with shipments beginning February 20, 2006, will be achieved by reducing the functional discount by two points. The reduction will result in a base price (before surcharge) increase of approximately 6%.

The company says the increase is necessary to offset rising manufacturing costs and to support capital investments and growth. All surcharges will remain in effect.

ATI Allegheny Ludlum is a world leader in the production and marketing of sheet, plate, and strip specialty materials including stainless steel, nickel-based alloys, titanium, and titanium-based alloys. The company also produces grain-oriented silicon electrical steel products and tool steel plate. ATI Allegheny Ludlum is an Allegheny Technologies company.

Allegheny Technologies Inc. is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $3.4 billion over the last four reported quarters. ATI has approximately 9,000 full-time employees world-wide who use innovative technologies to offer growing global markets a wide range of specialty materials solutions. Major markets are aerospace, construction and mining, chemical processing/oil & gas, food equipment and appliance, automotive, electrical energy, machine and cutting tools, and medical. Products include nickel-based alloys and superalloys, titanium and titanium alloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, silicon and tool steels, and forgings and castings.