En+ Group S Regulatory News (ENPL)

EN+ GROUP ANNOUNCES MANAGEMENT CHANGES

23 February 2018 - En+ Group plc (the "Company", "En+ Group" or together with its subsidiaries "the Group"), (LSE: ENPL; MOEX: ENPL) a leading international vertically integrated aluminium and power producer, announces that the Group's Board of Directors approved the appointment of Vladislav Solovyev as Chief Executive Officer ("CEO") of the Group and his re-designation as an Executive Director of the Company and the appointment of Maxim Sokov as President of the Group. The Board of Directors has also accepted the resignation of Oleg Deripaska as President of the Group and re-designated him as a Non-Executive Director of the Company.

The resolutions of the Board of Directors will be effective from 15 March 2018.

Mr. Solovyev will focus on the operational management of the Group, implementation of its development projects, expansion into strategic markets and cooperation with Russian and international partners. Mr. Sokov will be in charge of the development and implementation of the Company's long-term strategy and management of special investment projects and will oversee the communication with investors.

The changes to the Group's management team are aimed at increasing En+ Group's efficiency and will provide for improved synergy between the Energy and Metals Segments of the Group.

Lord Barker, Chairman, En+ Group, commented: "I am delighted to announce these well-earned promotions to the leadership of En+ Group. These executive appointments underpin the Board's commitment to the highest levels of good corporate governance and rewarding senior management with a proven track record.

"These promotions further entrench our value creation strategy, shared with our new investors at the time of our recent IPO.

"Finally, on behalf of the Board, as we embark on the next chapter of our global growth, I want to thank Mr. Deripaska. Although he will remain an important Non-Executive Director, as he relinquishes his executive management role, I want to recognise his outstanding leadership in creating the world's most successful vertically integrated clean energy and aluminium company. His unceasing drive for innovation and commitment to building a low carbon future are now an integral part of the Company's culture."

The Group also notices that following the nomination as CEO of En+ Group, Vladislav Solovyev has resigned from CEO position of UC RUSAL and has been appointed as the President of UC RUSAL. In accordance with the shareholders' agreement, the Group proposed for nomination Alexandra Bouriko as CEO of UC RUSAL. The nomination has been approved by the Board of Directors of UC RUSAL.

Vladislav Solovyev served as CEO of En+ Group between 2008 and 2010, (in December, 2017 he was appointed to the Board of Directors of the Group). Mr. Solovyev serves as CEO of UC RUSAL since November 2014.

From April 2010 to November 2014, Vladislav Solovyev served as First Deputy CEO and was responsible for the operational management with a focus on increasing UC RUSAL's business efficiency and improving production and financial performance.

Since 2013, Mr. Solovyev has also served on the Board of PJSC MMC Norilsk Nickel.

Vladislav Solovyev graduated Summa Cum Laude from the State Academy of Management and later received a degree from "Stankin" Moscow Technical University. He also graduated from the Finance Academy under the Government of the Russian Federation and earned an MBA degree from Antwerp University in Belgium.

Maxim Sokov was appointed CEO of En+ Group in April 2014, prior to which he served as First Deputy CEO (since July 2013).

Prior to joining the Group, Mr. Sokov worked at RUSAL from 2004. In 2007, he was appointed as Head of the Mergers and Acquisitions Department of UC RUSAL, and since then occupied various managerial positions, including Director for Strategy and Corporate Development, Director for Strategic Investment Management and Advisor for Strategic Investment Management.

From 2002 to 2004, Maxim Sokov worked as a lawyer for Herbert Smith CIS Legal Services in Moscow.

In 2000, Mr. Sokov graduated with honours from the Russian State Tax Academy under the Russian Ministry of Taxes, majoring in law. Mr. Sokov also graduated from the New York University School of Law in 2002, with a master's degree.

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About En+ Group plc

En+ Group is a leading international vertically integrated aluminium and hydro power producer. The Company combines power plants with a total installed capacity of 19.7 GW (including 15.1 GW of hydro power assets), and 3.9 mt of annual aluminium production capacity (through a controlling stake in UC RUSAL plc, the world's largest aluminium producer outside of China in 2016) which is the major consumer of En+ Group's hydroelectricity. En+ Group reported consolidated revenue of USD 8.7 billion for the nine months ended 30 September 2017.

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