En+ Group Investment Presentation

Growth in Demand Matched by Record Aluminium Production Primary aluminium demand and production dynamics¹ 33.8Mt 31.9Mt 32.1Mt 33.9Mt 33.0Mt 30.3Mt 15.0 12.3 14.1 18.0 18.0 19.8 1H2019 1H2020 1H2021 Demand, China Demand, Ex-China ■Global Production . New and reopened capacity entered production in 2021 • Demand is returned to pre-COVID level Sources: CRU, Wood Mackenzie, Antaike, SMM, UC RUSAL Research. (1) Based on Rusal own calculations. Incremental global aluminium demand structure by end-use in 2021 Consumer durables 6% Other 4% Machinery & Equipment 10% Electrical 11% Packaging & Foil stocks 13% Construction 17% Transport 39% Ent GROUP Transportation and construction are largely dependent on post- COVID recovery Labor availability and supply chain disruptions present immediate challenge 56

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