RUSAL wins Discovery of the Year Award by East Capital

Moscow, December 9, 2021 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading aluminium producer, is pleased to announce that it has won the Discovery of the Year Award at the East Capital Awards.

East Capital, a leading asset manager specialising in emerging and frontier markets, has praised RUSAL for the journey it has been on over the past few years to revitalize its investment attractiveness and points to the appealing valuation and robust future EBITDA estimates. East Capital also expects that long-term performance of the Company will be further driven by structural demand growth in low-carbon aluminium, which is becoming a crucial material across a variety of sectors such as automotive, construction and packaging.

Peter Elam Håkansson, Chairman, Chief Investment Officer of East Capital, said: ”RUSAL is one of the largest aluminium producers in the world and enjoys the lowest carbon intensity globally due to the fact that 90%+ of their energy consumption comes from hydropower. We believe the valuation is highly appealing. The stock has returned 120% YTD and has entered the MSCI Russia and Emerging Market indices in December, at which point we expect the broader investor universe to start looking closer at the name, which should drive performance further.”

Mr. Oleg Mukhamedshin, Deputy CEO of RUSAL, said: “We are glad to receive this award from such a respected international investor, well known for its deep fundamental analysis of the companies and in-depth knowledge of the global markets. RUSAL team has worked over the last few years to lead the industry and all its stakeholders towards a more sustainable future whilst also delivering on its financial returns and equity performance.”

About East Capital and East Capital Awards
East Capital is part of East Capital Group. Founded in Sweden in 1997, East Capital Group manages a total of EUR 5.3 billion for a broad range of international investors including leading institutions, companies and private individuals.
Since 2004, East Capital has been annually recognising some of the most successful and impressive companies in their investment universe through the East Capital Awards. The awards are given in the following categories: Best Growth, Best IPO, Best Corporate Governance and Discovery of the Year.
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