United Company RUSAL, International Public Joint-Stock Company announced that reference is made to the announcements of the Company dated 1 June 2022, 20 September 2022, 28 November 2022, 19 January 2023, 21 February 2023, 12 April 2023, 18 April 2023, 16 June 2023 and 23 June 2023 in relation to the Previously Disclosed Repair Services Contracts. The Company announced that the member of the Group has entered into the contract with the associate of En+, pursuant to which the associate of En+ agreed to supply repair services to the member of the Group (the "New Repair Services Contract"). The contract price payable under the New Repair Services Contract has been arrived at after arm's length negotiation with reference to the market price and on terms no less favourable than those prevailing in the Russian market for repair services of the same type and quality and those offered by the associate of En+ to independent third parties. Based on the terms of the New Repair Services Contract and the Previously
Disclosed Repair Services Contracts, the annual aggregate transaction amount that is payable by the Group to the associates of En+ for each of the financial years ending 31 December 2023 and 31 December 2024 is estimated to be approximately USD 29.525 million and USD 204,237, respectively.