Investor Presentaiton

En+ GROUP Impact in time horizon Power segment Short- Medium-term term 2022 2022-2025 Long-term 2025-2050 STRATEGIC REPORT Physical opportunities of the Group are described in the table below: Assets under exposure Opportuni- ty category Chronic Acute Opportunity Reduction in consumption of fuel and energy resources and in required heating energy capacity due to a shorter heating season. Increase in the share of low-carbon electricity supply through solar energy development. The number of cloudy days in summer is expected to decrease in the Russian Federation with the exception of the Primorsky Krai and the Caucasus Region. Increase in dwelling electricity demand for air conditioning due to abnormal heat will increase profit. Increase in dwelling heat demand for heating due to abnormal cold will increase profit. Additional energy potential (in low- water years, abnormal precipitation can restore normal headwater level in reservoir within a short period of time). Increase in the share of low-carbon electricity supply through solar energy development. Metals segment Applicable to En+ Group + + о о о + о Applicable to En+ Group о o - insignificant impact, significant impact (based on a qualitative opportunity assessment) О о Transition risks and opportunities Compilation of the transition risk register was carried out in accordance with the TCFD recommendations. The transition risk register includes risks such as policy constraints on emissions, imposition of a carbon tax, water restrictions, land use restrictions or incentives, and market demand and supply shifts. The register will be updated on a regular basis. Transition risks of the Group are described in the table below: Risk category En+ Group Annual Report 2021 Assets under exposure Impact in time horizon Risk factor High carbon intensity of manufacturing processes Short- Metals Power term seg- seg- Scenario ment ment 2022 SSP126 SSP245 Medium- Long- term 2022- 2025 term 2025- 2050 О Applicable to SSP585 En+ Group Risk Capital expenditure on the transition to energy- efficient and energy- saving solutions in production processes SSP126 Probability within the scenario analysis high medium low high STRATEGIC REPORT CORPORATE GOVERNANCE Decrease in demand for the Company's products in the European markets Reduction or absence of additional gover- nment investments to reduce GHG emissions Failure to achieve the declared impeller per- formance of hydrau- lic units within the New Energy programme Increasing the car- bon intensity of pro- duction by using Elegaz-insulated circuit Technology breakers Reduced investment appeal of the Company Sludge overflow that entails costs on elimi- nating the conse- quences of the accident Reputation and paying a fine Reorientation SSP245 of aluminium exports to Asian markets Investment restriction for hydro generation facilities SSP585 SSP126 + о SSP245 + . SSP585 + ○ SSP126 + SSP245 + . Implementation of the New Energy programme Replacement of switching equipment Negative per- ception of the Company by investors, inde- pendent share- holders, local communities medium • low medium medium low • low low SSP585 SSP126 SSP245 + • low + ○ · low + ° • low SSP585 SSP126 SSP245 + 000 ооо low high medium SSP585 SSP126 SSP245 Applicable to En+ Group + о + low high medium Level overflow on sludge fields Lower demand for high-carbon generation Transition to low-carbon SSP585 SSP126 SSP245 medium о high о • medium SSP585 Applicable to En+ Group ○ low SSP126 + ○ • high SSP245 + ○ • medium Lower demand for coal economic development SSP585 + . • low Reduced product mar- gins and competi- tiveness due to high carbon footprint FINANCIAL STATEMENTS APPENDICES Assets under exposure Impact in time horizon Risk category Metals seg- Power seg- Risk Risk factor Setting the Scenario ment ment SSP126 Short- term 2022 Medium- Long- term term 2022- 2025- 2025 2050 о national car- SSP245 о . Probability within the scenario analysis high medium Market products Expenses related to the purchase of offsets bon price and creating a regional inven- tory of GHG emissions SSP585 SSP126 Additional tax bur- Policy and Legal den due to the CBAM introduction Costs of arranging measures to adapt to and to minimise the impact of the global cli- mate change Reduction in demand for non-green electricity due to the introduction of CBAM Introduction of CBAM SSP245 SSP585 Approval of the national action plan for adapta- tion to climate change SSP126 SSP245 000 000 • low o-insignificant impact, significant impact (based on a qualitative risk assessment) SSP 126 "Sustainability scenario" corresponds to warming of 1.5-2°C. SSP 245 "Middle of the road scenario" corresponds to warming of 2-4°C. SSP 585 "Fossil Fuel Economy scenario" corresponds to warming of 4-7°C. • high о • high о high о о • medium о ° high SSP585 Applicable to En+ Group SSP126 SSP245 + + Introduction of CBAM SSP585 + OOOO о о high high medium . . low 1. Based on a qualitative risk assessment scale: low (less than 20%), medium (20-60%), high (60-100%) probability. 79 78

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