RUSAL Agrees Up to USD16.25 Million in New Connected-Party Deals for Power Grid and Telecom Links

United Company RUSAL (RUSAL) has disclosed two new continuing connected transactions with affiliates of its major shareholder En+ Group, covering critical infrastructure links in Russia’s Irkutsk region.

Key Contracts 1. Electrical Grid Connection • Counterparty: EN+ Hydro LLC (En+ affiliate) • Customer: RUSAL Bratsk Aluminium Smelter • Scope: Preparatory works for subsequent connection to the regional power grid in 2026–2027. • Consideration: USD46,530 for 2026 and USD164,350 for 2027, payable partly in advance and upon completion milestones. • Pricing Basis: Tariff Service of the Irkutsk Region Order No. 79-17-spr (02 Feb 2026); identical methodology applied to independent third parties.

2. Communication Network Connection • Counterparty: LLC “EN+Telecom” (En+ affiliate) • Customer: United Company RUSAL Anodic Factory LLC • Scope: One-off technological connection to local communication networks. • Consideration: USD46,705 in 2026, payable within 60 days after acceptance. • Pricing Basis: Standardised Russian norms for design, installation and testing; identical terms offered to non-related parties.

Annual Caps and Aggregation • Under Hong Kong Listing Rule 14A.81, the above contracts aggregate with previously announced electrical-grid service contracts signed on 31 March 2026. • Estimated annual caps payable to En+ associates now stand at: – FY2026: USD16.25 million (grid and telecom combined) – FY2027: USD0.16 million (grid only)

Compliance & Governance • The transactions constitute continuing connected transactions. Each falls between 0.1 % and 5 % of applicable percentage ratios, triggering announcement and annual review requirements under Listing Rules but exempting RUSAL from circular and independent shareholders’ approval. • RUSAL maintains an Automated Transaction Monitoring System and dedicated compliance teams to track connected-party dealings and ensure caps are not breached. External auditors perform annual reviews. • All board directors approved the contracts except Ms Anna Malevinskaya—Director of Finance at En+—who abstained due to her connected role.

Strategic Rationale RUSAL cites the absence of alternative suppliers in the Irkutsk region and the need to secure power and telecom infrastructure for its ongoing construction projects. Both services are considered essential, one-off arrangements negotiated on arm’s-length, market-comparable terms, and align with RUSAL’s ordinary course of business.