Investor Presentaiton

En+ GROUP FINANCIAL STATEMENTS En+ Group Annual Report 2021 EN+ GROUP IPJSC Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Goodwill that forms part of the carrying amount of an investment in an associate or a joint venture is not recognised separately and, therefore, is not tested for impairment separately. Instead, the entire amount of the investment is tested for impairment as a single asset when there is objective evidence that the investment in an associate or a joint venture may be impaired. Significant subsidiaries The significant entities of the Group, included in these consolidated financial statements, are as follows: Place of incorporation and operation Principal activities Name POWER PJSC Irkutskenergo Place of incorporation and operation EN+ GROUP IPJSC Notes to the Consolidated Financial Statements Principal activities for the year ended 31 December 2021 Ownership and equity interest 31 December 2021 2020 ILLC EN+ HOLDING JSC EuroSibEnergo JSC Krasnoyarsk Hydro-Power Plant LLC MAREM + Russian Federation Russian Federation Russian Federation Holding company 100.0% 100.0% Management company 100.0% 100.0% Power generation 100.0% 100.0% Russian Federation Power trading 100.0% 99.95% Ownership and equity interest Russian Federation Power generation 98.0% 93.2% OJSC Irkutsk Electric Grid Company Russian Federation Power transmission and 53.4% 52.4% 31 December 2021 distribution 2020 LLC EuroSibEnergo - Hydrogeneration LLC Avtozavodskaya TEC LLC EuroSibEnergo-engineering LLC Kompaniya VostSibUgol LLC Razrez Cheremkhovugol LLC KRAMZ Russian Federation Russian Federation Russian Federation Russian Federation Russian Federation Russian Federation Power generation Power generation 100.0% 100.0% 99.0% 96.5% Engineering services 100.0% 100.0% Coal production Coal production Manufacturing 98.0% 93.2% 98.0% 93.2% 98.3% 94.0% of semi-finished products from primary aluminium 26. Mykolaiv Alumina Refunery Company Ltd Name UC RUSAL United Company RUSAL IPJSC Compagnie Des Bauxites De Kindia S.A. Friguia SA JSC RUSAL Achinsk JSC RUSAL Boxitogorsk Alumina Eurallumina SpA PJSC RUSAL Bratsk JSC RUSAL Krasnoyarsk JSC RUSAL Novokuznetsk JSC RUSAL Sayanogorsk LLC RUSAL RESAL JSC RUSAL SAYANAL CJSC RUSAL ARMENAL LLC RUS-Engineering JSC Russian Aluminium Rusal Global Management B.V. JSC United Company RUSAL Trading House Rusal America Corp. RS International GmbH Rusal Marketing GmbH RTI Limited Alumina & Bauxite Company Limited JSC Bauxite-Timana JSC Severo-Uralsky Bauxite Mine JSC RUSAL URAL Armenia Russian Federation Russian Federation Netherlands Russian Federation USA Switzerland Switzerland Russian Federation Holding company 56.9% 56.9% Guinea Guinea Bauxite mining 100.0% 100.0% Alumina 100.0% 100.0% Russian Federation Ukraine Alumina 100.0% 100.0% Alumina 100.0% 100.0% Russian Federation Alumina 100.0% 100.0% Italy Alumina 100.0% 100.0% Russian Federation Smelting 100.0% 100.0% Russian Federation Smelting 100.0% 100.0% Russian Federation Smelting 100.0% 100.0% Russian Federation Russian Federation Russian Federation Smelting 100.0% 100.0% Processing 100.0% 100.0% Foil 100.0% 100.0% Foil 100.0% 100.0% Repairs and maintenance 100.0% 100.0% Holding company 100.0% 100.0% Management company 100.0% 100.0% Trading 100.0% 100.0% Trading 100.0% 100.0% Trading 100.0% 100.0% Trading 100.0% 100.0% Jersey Trading 100.0% 100.0% British Virgin Islands Trading 100.0% 100.0% Russian Federation Russian Federation Russian Federation Bauxite mining 100.0% 100.0% Bauxite mining Primary aluminium and 100.0% 100.0% 100.0% 100.0% alumina production LLC SUAL-PM Russian Federation Aluminium powders 100.0% 100.0% production Limerick Alumina Refining Ltd. JSC Kremniy LLC RUSAL-Kremniy-Ural UC RUSAL Alumina Jamaica Limited Kubikenborg Aluminium AB RFCL Limited (formerly RFCL S.ar.l) ILLC AKTIVIUM Aughinish Alumina Ltd LLC RUSAL Energo JSC RUSAL Management LLC RUSAL Taishet LLC UC RUSAL Anode Plant RUSAL Products GmbH Casting and mechanical plant "SKAD" Ltd. LLC PGLZ Russian Federation Silicon production 100.0% 100.0% Russian Federation Silicon production 100.0% 100.0% Jamaica Sweden Alumina 100.0% 100.0% Smelting 100.0% 100.0% Cyprus (formerly Luxembourg) Russian Federation 100.0% 100.0% Finance services Holding and investment 100.0% 100.0% company Ireland Alumina 100.0% 100.0% Russian Federation Electric power 100.0% 100.0% Ireland Alumina 100.0% 100.0% Russian Federation Russian Federation Russian Federation Switzerland Management company 100.0% 100.0% Smelting 100.0% 100.0% Anodes 100.0% 100.0% Trading 100.0% 100.0% Other aluminum 75.0% 80.0% Russian Federation Russian Federation production Alumina 99.9% 99.9% 214 The nominal ownerships indicated in the table above are the effective holdings, except for UC RUSAL shareholdings where 56.88% is held by the Parent Company. STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS Appendices 215

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