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Investor Presentaiton

Energy is a key differentiator in the aluminium industry Center of energy excellence in Hydro Energy cost 1) Bauxite Alumina Primary Extrusion -25% -35% -35% -8% Energy business area's • Power sourcing -50% Power sourcing contribution to Hydro Power sourcing and production Power sourcing • Fuel switch project (LNG) Gas sourcing Gas sourcing Energy mix long term, renewables, storage Market understanding. Framework advocacy. <<Greener>> support & energy efficiency support. Security of supply 1) Share of Business Operating Cash Cost over the cycle 88 80 Hydro

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