ASX Announcement

28 March 2019

Alumina Limited 2018 Annual Review

Attached, in accordance with Listing Rule 3.17 is a copy of Alumina Limited's Annual Review 2018.

Stephen Foster

Company Secretary

28 March 2019

Alumina Limited

GPO Box 5411, Melbourne Victoria 3001 Australia ABN 85 004 820 419 aluminalimited.com

Level 12, IBM Centre

60 City Road, Southbank

Victoria 3006 Australia

tel

+61 (0)3 8699 2600

fax

+61 (0)3 8699 2699

Alumina Limited Annual Review 2018

OUR EXPOSURE

TO THE ALUMINA MARKET AND PRICE IS UNIQUE AND MAKES ALUMINA LIMITED ONE OF A KIND.

Alumina Limited is one of a kind. Its 40 per cent joint-venture interest in AWAC (Alcoa World Alumina and Chemicals) provides exposure to the most profitable part of the aluminium supply chain. The Company is uniquely positioned in the world alumina market.

CONTENTS

03About Alumina Limited

04At a Glance

06AWAC - A Global Business

08Map of Operations

10Chairman and

Chief Executive Officer's Report

16Sustainability

18Board of Directors

20Executive Management

22Letter by Chair of Compensation Committee

24Remuneration Summary

37Condensed Consolidated Statement of Financial Position

38Financial History

ALUMINA LIMITED ANNUAL REVIEW 2018

1

Alumina Limited provides a unique opportunity for a pure investment in AWAC, one of the world's largest bauxite and alumina producers.

2

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Alumina Limited published this content on 28 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 March 2019 22:49:05 UTC