Investor Presentaiton

19 alba Aluminium for the world Q3 2015 Results Aluminium Industry Challenged by Significant Drop in All-in-Prices Sound Management Performance Partially Offset by Lower LME Prices Financial Summary Q3 2015 Q3 2014 YTD 2015 YTD 2014 Average Cash LME (US$/MT) 1,589 1,989 1,719 1,832 Total Sales (US$M) 490 593 1,570 1,595 EBITDA (US$M) EBITDA% Net Income/ (Loss) (US$M) 72 134 343 325 14.6% 22.6% 21.9% 20.4% 23 78 201 165 Gain/ (Loss) Unrealised Derivatives (US$M) 2 6 11 Adjusted Net Income/ (Loss) (US$M) 21 78 190 158 Adjusted Net Income% 4.3% 13.2% 12.1% 9.9%

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