Press-release: UC RUSAL announces executive changes

Moscow, 23 February 2018 - UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, announces the appointment of Alexandra Bouriko, previously Chief Financial Officer, as Chief Executive Officer of RUSAL. Vladislav Soloviev, who previously held this position, has been appointed CEO of En+. He will also become the President of RUSAL.

As CEO, Alexandra Bouriko's focus will be on the Company's long-term development, specifically through the implementation of RUSAL's facilities efficiency programme as well as the introduction of modern technologies, reducing the Company's environmental footprint. She will also drive the output growth of value-added products, focus on the development of the domestic market and concentrate on the continued expansion of aluminium applications cross-sector.

Alexandra Bouriko's experience and professionalism within the Company alongside her solid knowledge of the industry will allow RUSAL to deliver value growth for all shareholders. As a whole, the executive changes will bring additional synergies to the Metals and Energy segments of the En+ Group.

Alexandra Bouriko has been RUSAL's CFO since October 2013. From June to October 2013 Alexandra Bouriko served on the board of UC RUSAL. From November 2012 to October 2013 Alexandra Bouriko had been Deputy CEO of En+ and was responsible for En+ Group's operational management, enhancing the business' effectiveness and improving of En+ Group's financial performance. Prior to joining En+ Alexandra Bouriko spent 16 years with KPMG in Russia and Canada, where she was appointed a Partner in 2005. Alexandra graduated from the economic faculty of Lomonosov Moscow State University. She is a member of the Canadian Institute of Chartered Accountants and the American Institute of Certified Public Accountants.