Investor Presentaiton

En+ GROUP STRATEGY GROWTH AND LEADERSHIP The Group's strategy aims to lead the Company towards becoming the world's largest vertically integrated producer of high value added products from low-carbon aluminium using our own renewable energy and raw materials. En+ Group Annual Report 2021 We adhere to the Group's "green" development strategy through improving production technology and asset modernisation in both the Metal and Power segments, at the same time complying with the international sustainability agenda, increasing the output of low-cost aluminium, which positively affects margins, financial stability and deleveraging. STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC OBJECTIVES En+ Group's strategy aligns strongly with the ambitions of the United Nations' (UN) Sustainable Development Goals (SDGs) Vertical integration for maximum efficiency Almost 100% of the electricity supply to our aluminium smelters is provided by the Group's own hydropower plants. This ensures revenues for the Power segment by creating basic demand for electricity and reduces the carbon footprint of the primary aluminium production as almost 100% of the energy used for smelting is renewable. Read more at p. 26 >98% of aluminium smelting is supplied by hydropower AFFORDABLE AND CLEAN ENERGY CLIMATE 13 ACTION Aluminium production capacity ramp-up The first phase of the Taishet aluminium smelter was opened in December 2021 to produce 428.5 kt of aluminium per year and to become the Group's most technologically advanced aluminium smelter equipped with cutting- edge electrolysis facilities. Read more at p. 36 2021 the year when the first phase of the Taishet aluminium smelter with nameplate capacity of 428.5 kt of aluminium per year was launched DECENT WORK AND ECONOMIC GROWTH Production cost saving We pursue cost-cutting initiatives across the Group. In the Metals segment it is achieved by the almost 100% self-reliance in bauxite, nepheline and alumina supply, and long-term supply contracts for other feedstock, including anodes, coke and pitch. The second phase of the Taishet anode plant is currently under construction. Position in the second quartile on the global aluminium production cost curve DECENT WORK AND ECONOMIC GROWTH Higher profitability The Metals segment's development priority is raising the VAP production capacity. To achieve this, the Aluminium division is expanding its value- added product manufacturing facilities. A new metal casting facility is being launched at the Taishet smelter to manufacture large (double length) slabs, which positions the Taishet products among the world's best. The Downstream division produced 242 kt of products in 2021, including foil, extrusion, and car wheels, which sell at a high premium. 52% the share of VAP in aluminium sales in 2021 DECENT WORK AND ECONOMIC GROWTH Closed loop economy development The Metals segment is developing pilot projects that will bring low carbon primary billets with recycled content to the market. This comes as a response to the Group's clients declaring their own Scope 3 reduction goals. Three of the Group's plants have recycling projects underway, with a substantial share of production to involve recycled aluminium in the future. More than 10 kt of secondary aluminium were used in recycling operations to produce low- carbon aluminium in 2021 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 13 CUMATE 13 ACTION Innovations The Metals segment aims to introduce inert anode technology on an industrial scale, which is a key technological development vector for the segment. What makes inert anode technology different from the conventional technology is that electrolytic smelting of one tonne of aluminium produces 2 tonnes of oxygen instead of CO2 emissions. Tests on inert anode electrolysis cells are underway at the Krasnoyarsk aluminium smelter; the electrolytic cells should emit no GHG upon the transition. Read more at p. 67 0.01 tonnes of CO₂e per tonne of aluminium produced with inert anode in accordance with Scope 1 and Scope 2 13 CLIMATE ACTION 20 Read more on Most Relevant UN SDGs at p.64 APPENDICES Read more on Most Relevant UN SDGs at p.64 Net zero transition In early 2021, the Company announced its ambition to achieve net zero GHG emissions by 2050 and reduce its GHG emissions by at least 35% by 2030 (Scope 1 and 2 vs. the 2018 baseline). 11% reduction of direct GHG emissions per tonne of aluminium produced by the Company's smelters in 2021 vs. 2014 13 CLIMATE ACTION Development of hydropower generating capacity The Company continues to develop new hydropower generation capacity. The project portfolio includes four HPPs, i.e. Nizhneboguchanskaya, Motyginskaya, Telmamskaya and Krapivinskaya, with a 2.5 GW aggregate capacity. Read more at p. 44 2.5GW the aggregate capacity of the new hydropower projects 7AFFORDABLE AND CLEAN ENERGY Expansion of green energy The Power segment's R&D projects involve research into and development of solar and wind energy, transportation of green hydrogen and a small- capacity nuclear reactor. Read more at p. 69 6.1 GWh electricity produced at Abakan solar plant in 2021 Deleveraging and ensuring high dividend payments through stable FCF En+ allocates capital conservatively and aims at deleveraging. In making recommendations to the general shareholders meeting on dividend payments, the Board takes into account current market situation and economic conditions and subject to the declared dividend policy. Net debt is USD 1.2bn lower vs. 2020 CLEAN ENERGY AFFORDABLE AND 13 ACTION 17 PARTNERSHIPS DECENT WORK AND FOR THE GOALS 8 ECONOMIC GROWTH Commitment to sustainability principles The Group's sustainability focus extends to climate leadership, environmental stewardship, human development, and collaboration with stakeholders in support of the sustainability principles both nationally and internationally. From programmes aimed at reducing the Group's environmental impact, such as the HPP New Energy modernisation programme, to research around ecosystem impact in our regions of operation, to social initiatives supporting healthcare and education, the Group's operations align with the Group's priority SDGs. Read more at p. 62 LTIFR is 24% lower compared to 2020 RESPONSIBLE 3 GOOD HEALTH CLEAN WATER AFFORDABLE AND AND WELL-BEING AND SANITATION CLEAN ENERGY 8 DECENT WORK AND CLIMATE ECONOMIC GROWTH CONSUMPTION 13 ACTION 15 LIFE ON LAND 17 PARTNERSHIPS FOR THE GOALS AND PRODUCTION 1. LTIFR is calculated per 200,000 hours worked. 21

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