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Investor Presentaiton

En+ GROUP FINANCIAL REVIEW LOANS AND BORROWINGS SECURITY En+ Group Annual Report 2021 KEY EVENTS STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS The nominal value of the Group's loans and borrowings was USD 8,448 mn as at 31 December 2021, not including bonds, which amounted to an additional USD 2,457 mn Set out below is an overview of certain key terms of selected facilities in the Group's loan portfolio as at 31 December 2021: Facility / Lender Principal amount outstanding as at 31 December 2021 Tenor/Repayment schedule Pricing METALS SEGMENT Syndicated facilities PXF facility 2019 USD 995 mn PXF Facility 2021 USD 200 mn Taishet project financing RUB 23 bn Bilateral loans Bank Loan USD 375 mn USD 2.1 bn Bank Loan Bonds RUB 17.9 bn Up to USD 1.085 bn syndicated aluminium pre-export finance term facility - until November 2024; equal quarterly repayments starting from January 2022 Up to USD 200 mn syndicated aluminium pre-export finance term facility until January 2024 equal quarterly repayments starting from April 2022 Up to RUB 45 billion syndicated project finance facility - until December 2035, quarterly repayments starting from March 2023 3 month LIBOR plus 2.1% p.a. 3 month LIBOR plus 1.7% p.a. Key rate of the Bank of Russia plus 3.15% p.a. 2 tranches, the last repayment in November 2022, bullet repayment at final maturity date December 2027, quarterly repayments starting from September 2024 2.15% 2.25% p.a. 3 month LIBOR plus 3.0% p.a. Key rate of the Bank of Russia plus 1.9% p.a. As of 31 December 2021, the Metals segment's debt (save for several unsecured loans and bonds) is secured, among others, by assignment of receivables under specified contracts, certain pledges of shares of a number of the Group's subsidiaries, designated accounts, shares in Norilsk Nickel (representing 25% of Norilsk Nickel's total nominal issued share capital). As of 31 December 2021, the Power segment's debt is secured, among others, by pledges of shares and interests in certain operating and non-operating companies and property, plant and equipment. On 28 January 2021, RUSAL signed the sustainability-linked pre-export finance facility for an amount of up to USD 200 million. Following the success of the first Russian sustainability-linked syndicated pre-export finance facility arranged in 2019 by international and Russian banks, RUSAL continues to pursue its ambitious decarbonisation goals. The group of international banks continues to support RUSAL in its aim to develop low-carbon aluminium technologies and sustainable aluminium production. The interest rate under the facility is subject to a sustainability discount or premium depending on the RUSAL's fulfilment of the applicable key performance indicators which will be further agreed between the parties. The proceeds were used to refinance more expensive debt. In March 2021, RUSAL announced the signing and commencement of the drawdown of a syndicated loan agreement for an amount of up to RUB 45 billion. The term of financing is up to 15 years. The funds raised were used to finance the completion of the start-up phase of the TaAZ smelter and partial refinancing of investments made in 2020. 58 Eurobond USD 512 mn Eurobond USD 482 mn Eurobond RUB bonds USD 498 mn RUB 70 bn swapped into USD, for equivalent USD 1.1 bn (after cross- currency swaps) POWER SEGMENT February 2022, repayment at final redemption date May 2023, repayment at final redemption date February 2023, repayment at final redemption date 5 tranches, the last repayment is May 2030, repayments at final redemption dates, subject to a bondholders' put option exercisable within 3.0-3.5 years 5.125% p.a. 5.3% p.a. 4.85% p.a. 2.9%-4.69% p.a. (after cross- currency swaps) Syndicated loan RUB 44.9 bn² Bilateral loan RUB 88.5 bn Bilateral loan RUB 100.8 bn June 2023, quarterly repayments starting from September 2019 December 2026, quarterly repayments starting from September 2020 December 2022 (with the Borrower's right to extend to December 2026 - with scheduled repayments starting from 2023) The key rate of the Bank of Russia +2% p.a. The key rate of the Bank of Russia +1.5% p.a. The key rate of the Bank of Russia +1.65% p.a. In February 2022, Rusal completed the scheduled repayment of Eurobonds in the amount of USD 512 million out of its own funds. The loan was fully refinanced in March 2022 through a new RUB 41 bn bilateral loan. APPENDICES 59
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