United RUSAL : ANNOUNCEMENT OF NOTIFICATION OF BOARD MEETING AND AGENDA

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UNITED COMPANY RUSAL, INTERNATIONAL

PUBLIC JOINT-STOCK COMPANY

(Incorporated under the laws of Jersey with limited liability and continued in the

Russian Federation as an international company)

(Stock Code: 486)

ANNOUNCEMENT OF NOTIFICATION OF

BOARD MEETING AND AGENDA

This announcement is made by United Company RUSAL, international public joint-stock company (the "Company") pursuant to Rule 13.66(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as the agenda of the meeting of the Board of Directors of the Company (the "Board") includes consideration of the convening of an extraordinary general meeting with a record date on 14 March 2021.

This announcement is also made by the Company pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as the following information has been released in Russian to Public Joint-Stock Company «Moscow Exchange MICEX-RTS» on which the Company is listed and on the website of the Company.

1. General information

1.1.	Full corporate name of the issuer	United Company RUSAL, international public
joint-stock company
1.2.	Abbreviated corporate name of the issuer	UC RUSAL, IPJSC
1.3.	Location of the issuer	Russian Federation, Kaliningrad Region, the
city of Kaliningrad, Oktyabrskij island
1.4.	Primary State Registration Number	1203900011974
(OGRN) of the issuer
1.5.	Taxpayer Identification Number (INN) of	3906394938
the issuer
1.6.	The issuer's unique code assigned by the	16677-A
registration authority
1.7.	Website address used by the issuer for the	http://rusal.ru/
purposes of disclosure of information	http://www.e-disclosure.ru/portal/company.aspx?id=38288
1.8.	Date of the event (material fact) being	24 February 2021
subject matter of the notification (if
applicable)
2.1.

2. Notification content

Date of resolution of the chairman of the issuer's board of directors to hold a meeting of the board of directors:

24.02.2021

2.2. Date of the meeting of the issuer's board of directors: 03.03.2021

2.3. Agenda of the meeting of the issuer's board of directors:

• 1. On convocation of the extraordinary general meeting of the Company to consider regulations on the internal audit committee of the Company and to elect internal audit committee of the Company, as well as determination of the form, date, place and time of the extraordinary general meeting of shareholders.

• 2. On approval of the agenda of the extraordinary general meeting of shareholders of the Company.

• 3. On determination of 14 March 2021 as the date on which the persons entitled to participate in the extraordinary general meeting of shareholders of the Company are determined (recorded).

• 4. On approval of the procedure for informing shareholders about holding of the extraordinary general meeting of shareholders.

• 5. On the list of information provided to persons entitled to participate in the extraordinary general meeting of shareholders.

• 6. On inclusion of candidates in the list of candidates for voting at the extraordinary general meeting of shareholders on the agenda of election of the internal audit committee of the Company.

• 7. On approval of the text, form and procedure for submission of voting ballots at the Company's extraordinary general meeting of shareholders, as well as the wording of resolutions on the agenda items of the extraordinary general meeting of shareholders, which shall be sent electronically (as electronic documents) to the nominee shareholders put on the register of shareholders held by Joint-Stock Company "Interregional Registration Center"

• 8. On proposal to the extraordinary general meeting of shareholders to vote on the item of approval of the Regulations on the Internal Audit Committee of the Company of UC RUSAL, IPJSC

• 2.4. Kind, category (type), series and other identification features of the issuer's securities

Ordinary shares, registration number of the securities issue: 1-01-16677-㙪, date of registration: 03.09.2020, international securities identification code (ISIN): RU000A1025V3 The resolution of the Bank of Russia on the state registration of the issue of shares of the international company came into force on the date of state registration of the international company (Section 11, Article 7 of the Federal Law On International Companies and International Funds), i.e. on 25.09.2020.

The issuer's shares are circulated outside the Russian Federation by circulation in accordance with foreign law of shares under the trade code 0486 on the main floor of the Hong Kong Stock Exchange. The shares have the ISIN RU000A1025V3 code.

3. Signature

• 3.1. Corporate Secretary (by virtue of power of attorney 㙹㙵㙻-㙮㙬-20-0003 dated October 13, 2020)S.V. Bazanov

  (signature)

  L.S.

• 3.2. Date "24" February 2021

The Company will make further announcements as and when required.

By virtue of the power of attorney on behalf of

United Company RUSAL,

international public joint-stock company

Aby Wong Po Ying

Company Secretary

25 February 2021

As at the date of this announcement, the members of the Board of Directors are the following: the executive Directors are Mr. Evgenii Nikitin, Mr. Evgeny Kuryanov and Mr. Evgenii Vavilov, the non-executive Directors are Mr. Marco Musetti, Mr. Vyacheslav Solomin and Mr. Vladimir Kolmogorov and the independent non-executive Directors are Dr. Elsie Leung Oi-sie, Mr. Dmitry Vasiliev, Mr. Bernard Zonneveld (Chairman), Dr. Evgeny Shvarts, Mr. Randolph N. Reynolds, Mr.

Kevin Parker, Mr. Christopher Burnham and Mr. Nick Jordan.

All announcements published by the Company are available on its website under the linkshttp://www.rusal.ru/en/investors/info.aspxand http://rusal.ru/investors/info/moex/ , respectively.