Moscow, 24 December 2010 – UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces that the Company’s Russian Depository Receipts (”RDRs”) have started trading on MICEX (RUALR) and RTS (RUAL) stock exchanges today.

RUSAL has become the first company to launch a Russian Depository Receipts programme. The programme is aimed at improving the attractiveness of and access to RUSAL’s shares for the extensive Russia-focused investor base. In addition, the listing of RDRs on Russian stock exchanges will potentially facilitate RUSAL’s inclusion in the MSCI Russia index which will create additional demand for the Company’s securities.

The issue of the RDRs by Sberbank commenced on 23 December 2010, when the conversion of the Company’s shares into RDRs became possible. In order to boost liquidity of RDRs, Sberbank selected Russia’s leading brokers VTB Capital, Renaissance Broker and Troika Dialog as market makers.

RDRs are issued on common shares of the Company, admitted for trading on the Hong Kong Stock Exchange. Each RDR will represent a right of its holder to receive 10 (ten) common shares. RDRs do not have any nominal value. There is no time limit on the issue of RDRs within the RDR programme. The Company’s shareholders will be able to receive RDRs against the deposit of shares, and, vice versa, RDR holders will be able to receive shares.

About RUSAL

UC RUSAL (www.rusal.com) is the world’s largest producer of aluminium, in 2009 accounting for approximately 10% of global production of aluminium and 10% of alumina. UC RUSAL employs around 76,000 people in 19 countries, across 5 continents. UC RUSAL sells its products primarily in the European, Japanese, Korean, Chinese, 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.