United Company RUSAL Plc : Update on the Annual Results for the Year Ended 31 December 2013 and inside Information

  United Company RUSAL Plc : Update on the Annual Results for the Year Ended
  31 December 2013 and inside Information

Business Wire

HONG KONG -- April 7, 2014

Regulatory News:

Pursuant to Chapter 38 of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited, the Securities and Futures Commission
regulates United Company RUSAL Plc in relation to the listing of its shares on
The Stock Exchange of Hong Kong Limited. The Securities and Futures Commission
takes no responsibility for the contents of this announcement, makes no
representation as to its accuracy or completeness and expressly disclaims 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 (Paris:RUSAL) (Paris:RUAL)
        (Incorporated under the laws of Jersey with limited liability)
                              (Stock Code: 486)

                         UPDATE ON THE ANNUAL RESULTS
                     FOR THE YEAR ENDED 31 DECEMBER 2013
                            AND INSIDE INFORMATION

This announcement is made by United Company RUSAL Plc (“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 2013 (“Annual Results Announcement”) dated 28 March 2014 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 27 March 2014, being
the date of approval of UC RUSAL’s consolidated financial statements as at and
for the year ended 31 December 2013, 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 2013. Consequently, the
Group has estimated its share of profit and other comprehensive income of its
associate, Norilsk Nickel, for the year ended 31 December 2013 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 7 April 2014, Norilsk Nickel published its audited consolidated financial
statements for the year ended 31 December 2013, prepared in accordance with
IFRS (“Norilsk Nickel Financial Statements”) on its own website. The
management of the Company is reviewing the Norilsk Nickel Financial Statements
and is of the preliminary view that they may possibly have material adverse
impact on the Company’s published consolidated financial statements as at and
for the year ended 31 December 2013 (as stated in the Annual Results
Announcement).

As soon as the Company has updated its consolidated financial statements as at
and for the year ended 31 December 2013 and the auditors have performed the
relevant audit procedures with respect to the Norilsk Nickel Financial
Statements, the Company will make further announcement containing the
Company´s updated consolidated financial statements as at and for the year
ended 31 December 2013.

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
Aby Wong Po Ying
Company Secretary

8 April 2014

As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov, Mr. Vladislav Soloviev and
Mr. Stalbek Mishakov, the non-executive Directors are Mr. Dmitry Afanasiev,
Mr. Len Blavatnik, Mr. Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan
Moldazhanova, Mr. Christophe Charlier, 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
and Mr. Mark Garber.

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
 
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