RUSAL announces management and structural changes

Moscow, 31 August 2010 – UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces the creation of RUSAL’s Department of Control, Internal audit and Business coordination, which will be headed by Tatyana Soina, who previously served as Chief Financial Officer of RUSAL. Evgeny Kornilov, formerly Chief Financial Officer of X5, has been appointed CFO to RUSAL.

RUSAL’s aim to strengthen its position as one of the most efficient aluminium producers in the world will come as the company continues to improve business competitiveness through cost-saving initiatives and a reduction in cash operating costs. The new department will be responsible for controlling the execution of the company’s budgets and business-plans across its business units, reduction in cash operating costs, risk analysis and monitoring. It will also be responsible for the internal audit activities of all of RUSAL’s business units. Tatiana Soina will also head the Managing Committees of key divisions within RUSAL.

As Chief Financial Officer, Evgeny Kornilov will be responsible for financial planning, auditing, preparation of financial reports and the execution of the company’s investment programs.

These structural changes are part of the development and improvement of RUSAL’s managerial systems, now that it is a public company. These changes aim to increase RUSAL’s shareholder value by strengthening the team and achieving some of the industry's best production and economic results.

Biography

Before joining RUSAL, Evgeny Kornilov was Chief Financial Officer of X5 Retail Group N.V., having started there on January 18, 2008. In August 2006, he was appointed Chief Financial Officer of trading house Perekryostok, and in 2007, he became Deputy Chief Financial Officer of X5 Retail Group N.V. Prior to being appointed CFO of Perekryostok, he served as Financial Director and Chief Controller of SUN Interbrew in Russia. From 1992 to 1999, he worked in the department of managerial consulting and audit services at PriceWaterhouseCoopers in Russia. Mr. Kornilov graduated from Moscow State Institute of International Relations, from the faculty of International Economic Relations, with a degree in economics, international trade and foreign languages.