EN+ GROUP PREPAYS VTB FACILITY

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EN+ GROUP PREPAYS VTB FACILITY

13 November 2017 - En+ Group plc (the "Company", "the Group" or "En+ Group"), a leading international vertically integrated aluminium and power producer with core assets located in Russia has repaid the loan provided to it by VTB Bank (PJSC) in the aggregate principal amount of USD 942.6 million in full prior to its specified maturity date. The original maturity date was in December 2019. The underlying security (the pledges of 29.99% shares of UC RUSAL plc, 25.00% +1 shares of JSC EuroSibEnergo and 24.00% shares of JSC Krasnoyarsk HPP) will be released in due course.

Andrey Yashchenko, CFO, En+ Group, commented: "This transaction demonstrates our clear commitment to deleveraging. The loan represented a significant share of our debt portfolio and its repayment in full keeps the Group on track to achieve our targeted Net Debt/EBITDA ratio. We look forward to continuing our hard work, further reducing the Group's leverage and increasing value for shareholders."

One of the Company's key financial priorities in the near and medium term is to decrease En+ Power's Net Debt to Adjusted EBITDA ratio from 5.5x as at 30 June 2017 to not more than 3.5x within three years.

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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 mtpa 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 9.8 billion for 2016.

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Copies of this announcement are not being made and may not be distributed or sent, directly or indirectly, into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Canada, Australia, Japan, the Russian Federation or any other jurisdiction in which offers or sales would be prohibited by applicable law.

This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. En+ Group does not intend to register any portion of the offering of any securities referred to herein in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of any securities to the public in the United Kingdom. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom, (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended from time to time (the "Order"), (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of the Company or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged in with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

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This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.