Investor Presentaiton

En+ GROUP En+ Group Annual Report 2021 STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS APPENDICES 2.1 TWh of additional power from the same volume of water as a result from New Energy programme 2.4 kt of CO₂ New Enregy programme helped to prevent GHG emissions in 2021 It was achieved by using breakthrough technology, a revolutionary environmental solution in metallurgy, driving the emissions-intensive production of aluminium towards net zero. Inert anodes replace standard carbon anodes with inert, metal-ceramic materials, which results in a reduction of emissions from the smelting process. In comparison to full-scope industry average emissions, metal produced with inert anodes has an 85% lower carbon footprint. In our bid to ensure we are the most responsible and efficient major aluminium producer, we continue to upgrade our assets. In June 2021, we announced the intention to refurbish the largest aluminium smelters in Krasnoyarsk, Bratsk, Irkutsk and Novokuznetsk. The programme involves constructing new facilities using the most modern and environmentally friendly technology whilst simultaneously dismantling or modernising the old workshops. Together with the expansion of the capacity of the Taishet Anode Plant, the cost of the programme is estimated at USD 4,900 million until 2030. The year 2022 has already brought new challenges. Due to the tragic developments in Ukraine, we have had to temporarily halt the production at the Nikolaev Alumina Refinery. Our priority is to ensure the safety of all our employees there and around the world. Meanwhile we will continue to secure stability of supply for our customers and to support our employees and their families. In March 2022, the Australian Government imposed an immediate ban on exports of alumina and aluminium ores, including bauxite, to Russia. This action will affect, among other things, the alumina export from Australia that comprises almost 20% of RUSAL's total alumina demand. Currently, we are evaluating the effect of all of the recent developments and analysing the possible impact of a variety of micro- and macroeconomic conditions on the Company's future financial position and results of operations in 2022 and onwards. We look forward to updating our stakeholders on our progress on delivering the key elements of our climate strategy, which is core to our overall business strategy. Vladimir Kiriukhin, Chief Executive Officer En+ Group and the Victoria and Albert Museum partnered to produce an immersive pavilion "Between Forests and Skies" for the London Design Festival. The pavilion was made from aluminium with the world's lowest carbon footprint, produced using En+ Group's unique inert anode technology. STRATEGIC REPORT 24 25 25

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