United Company RUSAL Plc: Update on the Corporate Ruble Bonds

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UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)

UPDATE ON THE CORPORATE RUBLE BONDS

Reference is made to the announcements of United Company Rusal Plc (the "Company”)(Paris:RUSAL)(Paris:RUAL) dated 3 May 2010, 24 May 2010, 14 February 2011, 16 February 2011, 2 March 2011, 17 February 2014, 21 February 2014 and 8 April 2015 in relation to the Ruble Bonds Issue (the "Announcements”). Capitalized terms in this announcement have the same meanings as those defined in the Announcements unless otherwise specified.

The Company announces that, on 17 February 2016, the Issuer has approved the coupon rate under the Issue (first tranche series 07) at level of 12% p.a. for a two-year period after which the bonds will be subject to a redemption.

The other principal terms of the Bonds remain unchanged. The Company will make further announcement(s) to inform the public of the developments with respect to the Bonds as and when appropriate or as required under the Listing Rules and/or other applicable laws and regulations.

18 February 2016

As at the date of this announcement, the executive Directors are Mr. Oleg Deripaska, Mr. Vladislav Soloviev and Mr. Stalbek Mishakov, the non-executive Directors are Mr. Maxim Sokov, Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr. Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Daniel Lesin Wolfe, Ms. Olga Mashkovskaya and Ms. Ekaterina Nikitina, and the independent non-executive Directors are Mr. Matthias Warnig (Chairman), Dr. Peter Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie, Mr. Mark Garber and Mr. Dmitry Vasiliev.

All announcements and press releases published by the Company are available on its website under the links http://www.rusal.ru/en/investors/info.aspx, http://rusal.ru/investors/info/moex/ and http://www.rusal.ru/en/press-center/press-releases.aspx, respectively.

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