RUSAL’s aim to strengthen its position as one of the most efficient aluminium producers in the world will come as the company continues to improve business competitiveness through cost-saving initiatives and a reduction in cash operating costs. The new department will be responsible for controlling the execution of the company’s budgets and business-plans across its business units, reduction in cash operating costs, risk analysis and monitoring. It will also be responsible for the internal audit activities of all of RUSAL’s business units. Tatiana Soina will also head the Managing Committees of key divisions within RUSAL.

As Chief Financial Officer, Evgeny Kornilov will be responsible for financial planning, auditing, preparation of financial reports and the execution of the company’s investment programs.

These structural changes are part of the development and improvement of RUSAL’s managerial systems, now that it is a public company. These changes aim to increase RUSAL’s shareholder value by strengthening the team and achieving some of the industry's best production and economic results.

Biography

Before joining RUSAL, Evgeny Kornilov was Chief Financial Officer of X5 Retail Group N.V., having started there on January 18, 2008. In August 2006, he was appointed Chief Financial Officer of trading house Perekryostok, and in 2007, he became Deputy Chief Financial Officer of X5 Retail Group N.V. Prior to being appointed CFO of Perekryostok, he served as Financial Director and Chief Controller of SUN Interbrew in Russia. From 1992 to 1999, he worked in the department of managerial consulting and audit services at PriceWaterhouseCoopers in Russia. Mr. Kornilov graduated from Moscow State Institute of International Relations, from the faculty of International Economic Relations, with a degree in economics, international trade and foreign languages.

About RUSAL

UC RUSAL (www.rusal.com) is the world’s largest producer of aluminium, in 2009 accounting for approximately 10% and 10% of global production of aluminium and alumina, respectively. UC RUSAL employs about 76,000 people in 19 countries, across 5 continents. UC RUSAL markets and sells its products primarily in the European, Japanese, Korean, South East Asian and North American markets. UC RUSAL’s ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486) and global depositary shares representing UC RUSAL’s ordinary shares are listed on the professional compartment of Euronext Paris (RUSAL for Reg S GDSs and RUAL for Rule 144A GDSs).

Disclaimer

The information contained in this press release is for media advice only. The contents are true and accurate at the time of publishing, however, may change over time.