En+ Group Investment Presentation

Capital Expenditure Capital expenditure dynamics¹ (USD mn) 693 139 5022 101 401 554 1H 2020 1H 2021 Metals ■Power Ent GROUP Power Segment • . Capex increased to USD 139 mn from USD 101 mn in 1H 2020 with maintenance capex accounting for 47%. The increase was mainly attributable to the partial rescheduling of some works from the previous year and the beginning of CHP modernization programme Continued investment in technical connections to power supply infrastructure and improving the efficiency of the Group's CHPS, further progressing the HPP 'New Energy' modernisation programme • The Group launched the Ozernaya substation to provide the Taishet aluminium smelter with hydropower Metals Segment . Capex increased by 38.2% y-o-y to USD 554 mn by with maintenance capex accounting for 67% • Continued investment in key development projects as per its strategic priority of preserving its competitive advantages of vertical integration into raw materials and product mix enhancements: - Carbon materials self-sufficiency: Taishet anode plant - Aluminium capacities expansion: Taishet aluminium smelter (1st stage, 428.5 ktpa) • Announced intention to rebuild large aluminium smelters (Krasnoyarsk, Bratsk, Irkutsk and Novokuznetsk). This modernization programme assumes the implementation of new modern and environmentally friendly technology . 1H 2021 Capital expenditure structure (%) 47% 53% Maintenance Development • Together with the Taishet Anode plant capacity expansion, the capex is estimated at USD 4,900 mn (including VAT) until 2030 (1) Capital expenditure represents cash flow related to investing activities - acquisition of property, plant and equipment and acquisition of intangible assets. (2) Before intersegmental elimination. 26

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