RUSAL to Repurchase BO-05 Bonds at Par Value; Holders Must Tender by 29 July for 03 August 2026 Settlement

Bulletin Express07-23

United Company RUSAL, International Public Joint-Stock Company (RUSAL) has triggered a mandatory buyback of its BO-05 series exchange-traded bonds (ISIN: RU000A105104; CFI: DBVUFB). The obligation arose after coupon rates for the 9th and 10th periods were left undefined when the 7th–8th coupon rate was set on 22 July 2025.

Key commercial terms • Purchase price: 100% of the outstanding principal, plus accrued coupon income calculated on the purchase date. • Currency: Chinese yuan (CNY) following the issuer’s 26 July 2022 order designating CNY for all cash payments, including redemption and coupon settlements. Bondholders may also opt for rouble (RUB) settlement via designated channels.

Time line • Tender window: 23–29 July 2026 (last five business days of the 8th coupon period). • Settlement date: 03 August 2026.

Tender channels 1. Moscow Exchange trading terminal in “Redemption: Address applications (CNY)” mode for CNY settlement. 2. Moscow Exchange “RPS: Bonds” mode for RUB settlement (advance e-mail notice required). 3. National Settlement Depository (NSD) web account with RUB or CNY designation.

Gazprombank (JSC) acts as acquisition agent (Bidder ID: MC0009800000; e-mail: oferta@gazprombank.ru). Applications not meeting the specified format or timing will be rejected.

Bond profile • Instrument type: Non-documentary, interest-bearing, non-convertible exchange-traded bonds with centralised rights accounting. • Series: BO-05. • Issue registration: 4B02-05-16677-A, dated 15 July 2022.

No aggregate volume for repurchase was disclosed because the decision on issue already embeds the issuer’s obligation to acquire any bonds tendered under the defined conditions.

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