The proposed loan of USD 4.59 billion covers the existing debt to VEB and capitalized interest. It would be for the period up to December 2013 with an option to renew for a further 1.5 years. The Sberbank loan is subject to approval by the international lenders of RUSAL.

VEB’s loan to RUSAL, amounting to USD 4.5 billion, was agreed in November 2008 and was used to repay the loan obtained in April 2008 from a syndicate of banks to finance the cash component of the acquisition of [approximately] 25% of Norilsk Nickel.

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 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 board 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.