ENRC.L Regulatory News (ENRC)

29 May 2013

Eurasian Natural Resources Corporation PLC

Confirmation of Chairman

London - The Board of Directors of Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group') confirms Mr Gerhard Ammann today as Chairman of the Group. This follows a formal approval process undertaken by the Board during which time Mr Ammann was acting Chairman of the Group.

The executive responsibilities for corporate functions previously associated with the role of Chairman will be assumed by ENRC's Chief Executive Officer, Mr Felix Vulis. These functions includeFinance, Risk, Human Resources, Legal & Compliance, and Investor Relations. 

- ENDS -

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About ENRC

ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. In 2012 the Group's entities employed on average 78,484 (2011: 77,441) people. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the twelve months ended December 31 2012, the Group had revenue of US$6,320 million (2011: US$7,705 million) and profit attributable to equity holders of the Company of US$(804) million (2011: US$1,974 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.enrc.com.