Investor Presentaiton

En+ GROUP STRATEGIC REPORT En+ Group Annual Report 2021 STRATEGIC REPORT Physical risk Risk factor Scenario Region of exposure Komi Republic Key physical risks of the Group are described in a table below: Impact in time horizon Medium-term 2022-2025 Long-term 2025-2050 Probability Short term 2022 о ° SSP126 Republic of Guinea Komi Republic ○ ○ Low Medium ° Low SSP245 Republic of Guinea Republic of Guinea ○ о High ○ High SSP585 Komi Republic SSP126 00 о Low ○ Low Krasnoyarsk Territory Republic of Guinea Nizhny Novgorod Region SSP245 Irkutsk Region о о Low CORPORATE GOVERNANCE FINANCIAL STATEMENTS APPENDICES Infrastructure abnormal disruption precipitation SSP585 Republic of Guinea Nizhny Novgorod Region Irkutsk Region Krasnoyarsk Territory ○ о SSP126 ○ SSP245 ○ abnormal precipitation SSP585 Armenia SSP126 SSP245 о 0 0 Supply disruptions strong wind SSP585 Jamaica о 0 0 0 0 0 0 0 0 Low Medium Low Low Low Low Low Low SSP126 SSP245 abnormal heat SSP585 SSP126 Krasnoyarsk Territory Republic of Guinea Krasnoyarsk Territory Republic of Guinea Krasnoyarsk Territory Republic of Guinea ° ° ° ° abnormal frosts SSP245 SSP585 SSP126 ○ 0 0 0 0 0 0 0 Medium Medium High Medium High Low Low Irkutsk Region ° о Low abnormal precipitation deficits SSP245 SSP585 SSP126 о о Irkutsk Region о ° 0 0 0 о Low Low Low SSP245 о precipitation SSP585 Irkutsk Region ° SSP126 ° Main SSP245 ° 0 0 0 0 building's roof abnormal collapse snowfall SSP585 Irkutsk Region ° Low Medium Low Low Low Low Strategy The Group has been involved in climate risk assessment for many years. Climate risk assessment is one of the stages of the Company's strategy. Climate-associated risks and factors have been identified, analysed and evaluated to make strategic decisions related to global climate change. Scenario analysis was used to assess the importance of climate risks and their potential impact on the Group's assets. The scenario analysis conducted complies with the TCFD guidelines and underlines the importance of a key type of transition risk scenario - the so-called 2°C scenario - which lays out a pathway and an emissions trajectory consistent with keeping the increase in the global average temperature to 2°C above pre-industrial levels, corresponding to the baseline goals of the Paris Climate Agreement. Different climate scenarios were considered to assess how climate risks and opportunities might affect the Company. The following scenarios were chosen: SSP 126 "Sustainability scenario" corresponding to warming of 1.5-2°C SSP 245 "Middle of the road scenario" corresponding to warming of 2-4°C SSP 585 "Fossil Fuel Economy scenario" corresponding to warming of 4-7°C En+ Group has identified climate-related risks and opportunities in the short, medium, and long terms. The short term is defined as 0-1 year. The short- term horizon is used to set immediate decarbonisation objectives. The medium term is defined as 2-3 years. The medium- term horizon is used to set objectives which require more than a year for implementation. The long term is defined as up to 10 years. This is a period with a higher uncertainty, during which activities and projects are planned with a high margin of resistance to variable factors. En+ Group is a company with many assets in different regions. For a correct assessment of climate risks, it is important to consider the climatic features of different regions. Therefore, an in-depth analysis of climate risks specific to the area under consideration was carried out with regard to the local specifics of the regions. Risk management En+ Group realises the necessity of integrating the identification, assessment, and management of climate-related risks into the Company's overall risk management process. The Company's risk management system provides for the identification and the financial and probabilistic estimation and control over any change in risks from both the internal and external environments with regards to the financial and/or economic activities of the Group's operating companies and businesses. Risk assessment is part of the Company's corporate governance system. Climate risks are identified, assessed, and managed by the Company as a specific risk management process, which is fully compliant with the Company's corporate risk management system. The main purpose of risk management is to choose the most effective methods of addressing each identified risk and to ensure that both executives and employees of the Company are informed on the topic. The HSE Committee currently oversees climate-related risks and reports on them as part of its agenda to address the risks for the Board of Directors. Physical risks and opportunities The physical risk register lists physical risks that may potentially undermine the Group's operations and supply chain. The register will be updated on a regular basis. Among the physical risk factors we consider the probability of severe events (acute risks) such as precipitation and flooding anomalies, abnormal heat and abnormal cold, as well as the chronic risks relevant to the Group's activities, such as average annual temperature and precipitation increase. Infrastructure disrup- tion (under- flooding of quarries) Reduced productivity Equipment damage/loss Halt in production Breaching of the integrity of production facilities abnormal 76 Keywan Riahi et al. The Shared Socioeconomic Pathways and their energy, land use, and greenhouse gas emissions implications: An overview, Global Environmental Change, Volume 42, 2017, p. 153-168, ISSN 0959-3780, https://doi.org/10.1016/j.gloenvcha.2016.05.009. o-insignificant impact, significant impact (based on a qualitative risk assessment) SSP 126 "Sustainability scenario" corresponds to warming of 1.5-2°C. SSP 245 "Middle of the road scenario" corresponds to warming of 2-4°C. SSP 585 "Fossil Fuel Economy scenario" corresponds to warming of 4-7°C. 1. Based on a qualitative risk assessment scale: low (less than 20%), medium (20-60%), high (60-100%) probability. 77

View entire presentation