Investor Presentaiton

G Governance Transformed through Barker Plan En+ corporate governance standards are best-in-class relative to Russian peers and comparable to London listed peers Voting and Shareholder Structure Ent GROUP Restructuring of En+ Group ownership and governance under the Barker plan led to sanctions lifting in January 2019 En+ Group and UC RUSAL board consist of a majority of independent directors Mr. Deripaska can nominate no more than 4 directors out of 12 to En+ Board Ongoing commitment to transparency and regulatory auditing Post-IPO structure Post Barker Plan structure4 Other (1) 11.4% Other Shareholders 3.42% Volnoe Delo 3.22% Independent trustee 6.64% Former family members 6.75% Independent trustee 6.75% Citi (Nominees) (2) 18.8% Institutional and retail investors 4.88% Citi (Nominees) 4.54% Institutional and retail investors 9.42% VTB 3.8% Citi (Nominees) (3) 10.55% Glencore (3) 10.55% Basic Element Limited 12.2% VTB 21.68% Independent trustee 14.33% VTB 7.35% Independent trustee 9.95% B-Finance 53.9% B-Finance 44.95% B-Finance 35.00% Glencore exchanged interest in RUSAL for 10.55% ownership in En+ SHAREHOLDING & VOTING RIGHTS 22.6% SHAREHOLDING Independent trustees vote with minority shareholders 2/3 - Independent Votes (1) "Other" includes former family members; (2) "Citi Nominees" includes 6.2% stake held by ANAN GROUP (SINGAPORE) PTE, retail institutional investors' and financial investors' holdings; (3) GDRs issued as part of the Glencore swap transaction, increasing total shares in issue (4) Post Barker Plan structure presented as of 01.04.2019 En+ at a Glance 9M 2019 Results ESG VOTING RIGHTS 65.0% Outlook 21 21

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