RUSAL to launch Russian Depositary Receipts Programme

UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces its intention to launch a Russian Depository Receipts (RDR) Programme and to arrange for the listing/the admission to trading of Russian Depository Receipts on CJSC “MICEX Stock Exchange” and OJSC “Russian Trading System” Stock Exchange.

The RDR Programme is expected to be launched by the end of 2010, subject to compliance with all relevant regulatory requirements including the Rules Governing the Listing of Securities on the Stock Exchange, applicable French laws and regulations, and the applicable rules, regulations and requirements of the Russian Federal Services for Financial Markets.

The Programme is aimed at improving the attractiveness and access to RUSAL’s shares for the extensive Russia-focused investor base that did not benefit from the Company’s listing of its shares on the Hong Kong Stock Exchange.

Oleg Mukhamedshin, UC RUSAL’s Director for Capital Markets, said:

“The RDR Programme is a strategic step in our plan to increase market awareness of RUSAL and to extend our investor base. Given the interest in RUSAL’s shares that has been expressed by investors worldwide, we expect this move to generate substantial additional demand for RUSAL’s equity from new groups of investors.”