United Company RUSAL Plc: Update on the Annual Results for the Year Ended 31 December 2012 and Inside Information

  United Company RUSAL Plc:Update on the Annual Results for the Year Ended 31
  December 2012 and Inside Information

Business Wire

HONG KONG -- April 14, 2013

Regulatory News:

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

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

                         UPDATE ON THE ANNUAL RESULTS
                     FOR THE YEAR ENDED 31 DECEMBER 2012
                            AND INSIDE INFORMATION

This announcement is made by United Company RUSAL Plc (Paris:RUSAL)
(Paris:RUAL) (“UC RUSAL” or the “Company”) pursuant to Rule 13.09 of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
and the Inside Information Provisions under Part XIVA of the Securities and
Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the annual results announcement for the year ended 31
December 2012 (“Annual Results Announcement”) dated 4 March 2013 of the
Company. Unless otherwise specified, capitalised terms in this announcement
shall have the same meanings as the defined terms in the Annual Results
Announcement.

As mentioned in the Annual Results Announcement, as of the date of approval of
UC RUSAL’s consolidated financial statements as at and for the year ended 31
December 2012, the Company was unable to obtain the consolidated financial
statements of OJSC MMC Norilsk Nickel (“Norilsk Nickel”) as at and for the
year ended 31 December 2012. Consequently, the Group has estimated its share
of profit and other comprehensive income of its associate, Norilsk Nickel, for
the year ended 31 December 2012 based on the then latest publicly available
information reported by Norilsk Nickel adjusted by the Group to account for
Norilsk Nickel’s performance in the remaining part of the relevant reporting
period.

On 12 April 2013, Norilsk Nickel published its audited consolidated financial
statements for the year ended 31 December 2012, prepared in accordance with
IFRS (“Norilsk Nickel Financial Statements”) on its own website. Accordingly,
the management of the Company has reviewed the Norilsk Nickel Financial
Statements and is of the view that it has material adverse impact on the
Company’s published consolidated financial statements for the year ended 31
December 2012 (as stated in the Annual Results Announcement).

As soon as the Company updates its consolidated financial statements for the
year ended 31 December 2012 and the auditors perform the relevant audit
procedures with respect to the Norilsk Nickel Financial Statements, the
Company will make further announcement containing the updated consolidated
financial statements for the year ended 31 December 2012.

Shareholders of the Company and potential investors are advised to exercise
caution when dealing in the securities of the Company.

By Order of the board of directors of
United Company RUSAL Plc
Vladislav Soloviev
Director


15 April 2013

As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov and Mr. Vladislav Soloviev,
the non-executive Directors are Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr.
Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Christophe
Charlier, Mr. Artem Volynets, Mr. Dmitry Yudin, Mr. Vadim Geraskin, and the
independent non-executive Directors are Mr. Barry Cheung Chun-yuen, Dr. Peter
Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie and Mr. Matthias Warnig
(Chairman).

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 and
http://www.rusal.ru/en/press-center/press-releases.aspx, respectively.

Contact:

United Company RUSAL Plc