United Company RUSAL, international public joint-stock company, has published a notice of an extraordinary general meeting (EGM) of shareholders, scheduled for 03 December 2025 at 10:00 a.m. Kaliningrad time (4:00 p.m. Hong Kong time). The EGM will be a physical meeting in Kaliningrad, with a live broadcast for Hong Kong shareholders. Persons entitled to vote are those recorded as shareholders on 10 November 2025. The record date for absentee voting ends on 01 December 2025 at 10:00 a.m. Kaliningrad time (4:00 p.m. Hong Kong time).

The EGM agenda includes five key items. First, shareholders will consider the approval of annual caps for continuing connected transactions with associates of EN+ GROUP IPJSC regarding purchases of electricity, capacity (including from renewable sources), and competitive selection of retrofitted capacity for the calendar years 2026, 2027, and 2028. The proposed caps are USD1,950 million (net of VAT) for 2026 at a USD/RUB exchange rate of 1/100.20, USD2,019 million (net of VAT) for 2027 at 1/103.50, and USD2,079 million (net of VAT) for 2028 at 1/106.00. The fourth agenda item proposes revising the previously approved annual cap for 2025 to USD1,820 million (net of VAT) at an exchange rate of 1/94.30.

Another notable agenda item concerns the distribution of dividends for the nine months ended 30 September 2025. The Board proposes not to declare or pay dividends for this period. All shareholders who were on the register at the relevant record date will be able to vote on these agenda items under the principle of one share, one vote, with voting by poll.

Shareholders can attend the EGM in person, vote by proxy, or submit voting ballots in electronic form per the procedures outlined in the announcement. For shareholders registered under Joint-Stock Company “Interregional Registration Center,” an online portal is available for virtual attendance and electronic ballots. Those holding shares through Hongkong Managers and Secretaries Limited can access a live webcast by providing personal details in advance and may vote by proxy.

As of the announcement date, the Company’s Board of Directors comprises executive directors Mr. Evgenii Nikitin, Ms. Natalia Albrekht, and Ms. Elena Ivanova; non-executive directors Mr. Semen Mironov, Mr. Anton Egorov, and Ms. Anna Malevinskaya; and independent non-executive directors Mr. Christopher Burnham, Ms. Liudmila Galenskaia, Mr. Kevin Parker, Dr. Evgeny Shvarts, Ms. Anna Vasilenko, Mr. Bernard Zonneveld (Chairman), Mr. Timothy Talkington, and Mr. Vladimir Cherniavskii.