RUSAL ANNOUNCEMENT RE AUSTRALIAN BAN ON EXPORT

RUSAL ANNOUNCEMENT REGARDING AUSTRALIAN BAN ON EXPORT

21 March 2022 - EN+ GROUP IPJSC (the "Company", "EN+" or the "Group") (LSE: ENPL; MOEX: ENPG), notes the following announcement by its listed subsidiary UC RUSAL.

UC RUSAL today announced that it noted that on 20 March 2022 the Australian government had imposed an immediate ban on exports of alumina and aluminum ores, including bauxite, to Russia. In its announcement, UC RUSAL stated that it is currently evaluating the effect of the above.

Further announcements will be made if and when it is necessary or required.

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