Moscow, 29 April 2016 – UC RUSAL (SEHK: 486; Euronext: RUSAL/RUAL; Moscow Exchange: RUAL/RUALR), a leading global aluminium producer, is pleased to announce the updates of the refinancing for the year 2016. 
 
On 26 April 2016 the Company and lenders to the Combined PXF Facility signed the amendment & restatement agreement whereby a new refinancing tranche was introduced as part of existing Combined PXF Facility. On 29 April 2016 the Company intends to prepay the remaining scheduled instalments falling due in 2016 under the Combined PXF Facility in the total amount of USD524 million, utilizing USD415 million of available commitments under the new refinancing tranche as well as USD109 million of the Company’s own funds. Once the prepayment is completed, the Company’s obligation to repay the scheduled installments under the Combined PXF Facility for 2016 will have been discharged in full. 
 
In addition, the Company has agreed with JSC Gazprombank to enter into new credit facilities for up to USD177.6 million to refinance Company’s scheduled repayment instalments falling due in 2nd-4th quarters of 2016 under the existing credit agreements with JSC Gazprombank. 
 
The Company has also agreed with Sberbank for a new credit limit of up to USD100 million that could be applied for refinancing Company’s debt.

“The successful refinancing demonstrates the support from the banking community and confirms once again the high quality of the Company’s credit profile and the lenders’ confidence in the Company and its future. The Company continues to actively explore further opportunities for the optimization of its debt structure,” Oleg Mukhamedshin, RUSAL’s Director for Strategy, Business Development and Financial Markets, commented.