United Company RUSAL, International Public Joint-Stock Company announced that a member of the Group has entered into a contract with an associate of En+, pursuant to which the associate of En+ agreed to buy aluminium products from the member of the Group (the "New Aluminium Sales Contract"). Date of the contract, Seller (member of the Group), Contractor (ass associate of En+), Scheduled termination date, Estimated volume to be supplied for year 2024 (approximate), Estimated consideration payable for the year ending 31 December 2024 excluding VAT (USD) Payment terms, 1 29 December 2023, which is a new addendum to the contract dated 30 December 2021 disclosed on 30 December 2021, JSC "UC RUSAL TH", KraMZ Ltd, Up to 31, December, 2024, 101,400 mt, 247,500,000. The contract price payable under the New Aluminium Sales Contract has been determined with reference to the market price and on terms no less favourable than those prevailing in the Russian market for aluminium of the same type and quality and those offered by members of the Group to independent third parties customers.

Based on the terms of the New Aluminium Sales Contract, the annual aggregate transaction amount that is payable by the associates of En+ to the Group for the financial year ended 31 December 2024 is estimated to be approximately USD247.5 million (excluding VAT). In accordance with the Order of Federal Antimonopoly Service of the Russian Federation, members of the Group do not have the right to unduly refuse to supply aluminium products to the buyers and are obliged to organise the work in such a way as to ensure the satisfaction of the needs of the buyers of aluminium products in the Russian market subject to the availability of the relevant production capacities, therefore the contract was entered into. The annual aggregate transaction amount by the Group is estimated by the Directors based on the delivery volume estimated by Directors and the demand from the buyer.

The Directors consider that the New Aluminium Sales Contract is for the benefit of the Company, as the price of the aluminium products supplied under the New Aluminium Sales contract is based on the market price of such aluminium products. The Directors (including the independent non-executive Directors) consider that the New Aluminium sales Contract has been negotiated on an arm's length basis and on normal commercial terms which are fair and reasonable and the transactions contemplated under the New Aluminium SalesContract is in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole. None of the Directors has a material interest in the transactions contemplated under the NewAluminium Sales Contract, save for Mr. Mikhail Khardikov, who is general director of JSC EuroSibEnergo and is the deputy general director - operating director of International limited liability company En+ Holding, companies which are owned by En+; and Mr. Vladimir Kolmogorov, who is the first deputy chief executive officer for technical policy and executive officer of International limited liability company En+, being the holding company of KraMZ Ltd. Mr. Vladimir Kolmogorsov is also the head of technical supervision of JSC EuroSib Energo, a company which is owned by En+.

Accordingly, Mr. Mikhail Khardikorov and Mr. Vladimir KolmOGorov did not vote on the Board resolution approving the New Aluminium Sales Contract. Therefore, the transactions contemplated under the Newaluminium Sales Contract constitute continuing connected transactions of the Company. The estimated annual aggregate transaction amount by the Company is expected to be in the annual aggregate transaction amount by the Directors of the Company.

The estimated Annual aggregate transaction amount by the Group has been determined with reference to The market price and on terms noless favourable than those prevailing in the Chinese market for aluminium of the same types and quality and those offered by member of the Group to independent third party customers. The Directors consider that the new Aluminium Sales Contract has been negotiated on an arms's length basis and on normal Commercial terms which are fair and reasonable contemplated under the New Aluminium Sales Contract is in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole.