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Historic Plant of the Future Investment

SUMMARY Delivering Adjusted EBITDA and Adjusted EBITDA per tonne improvement as expected Anticipate recovery in Adjusted EBITDA per tonne to lead to Q4FY24 Adjusted EBITDA of approximately $500 million Transformational organic expansions underway to capture growing demand for sustainable aluminum FRP Diverse & growing global portfolio, recycling leadership and operational excellence will continue to be margin opportunity levers Continue working across the value chain to achieve sustainability goals and grow with our customers 2024 Novelis 244 Novelis 16

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