2006 Results

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2006 Results 2007 Priorities
Gulzhan Moldazhanova, CEO

Alexander Lukin, CFO 21 June 2007
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History of Growth
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Structure
Businesses
Sectors

• United Company RUSAL
• Evrosibenergo
• United Oil Group
• Salamon Enterprises

Energy (En Group Ltd)

• GAZ Group
• Aviacor Aviation Plant
• Abakanvagonmash

Manufacturing (JSC Russian Machines)
Basic Element

• SMR
• Continental Management
• Jany Jyldyz Gold Ltd
• Batu Mining

Resources (Element Resources Ltd)

• Ingosstrakh
• Bank Soyuz
• Element Leasing
• Sotsium
• Pifagor

Financial Services (Basic Element Finance Ltd)

• Glavstroy
• BaselCement

Construction and Materials

• Altius Development
• Aremex
• YugAeroStroy

Infrastructure and Development
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Structure
Oleg Deripaska Chairman of the Supervisory Board
En
Gulzhan Moldazhanova CEO
Andrew Michelmore
Russian Machines
Valery Lukin
Legal
Government Relations
Oleg Mozgunov
Mark Borghesani
Financial Services
Olga Zinovieva
HR
Public Relations
Dmitry Vovk
Konstantin Panin
Resources
Daniel Major
Finance
Security
Valery Pechenkin
Alexander Lukin
Construction
Douglas Lund
Investments
Andrey Plugar
Infrastructure
Laurence Mahon
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Assets in Russia
1. Achinsk Alumina Refinery 2. Achinsky Cement
Plant 3. Afipka NPZ 4. Asset Management Company
Pifagor 5. Automobile Plant GAZ 6. Aviacor
Aviatzionny Zavod 7. Aviacor-Aeroport 8.
Avtodizel 9. Avtozavodskaya TPP 10. Baikalsk Pulp
and Paper Mills 11. Bogoslovsk Smelter 12.
Boguchanskoye Energy and Metals Complex 13.
Boxitogorsk Alumina Refinery 14. Bratsk
Smelter 15. Bryansky Arsenal 16. Cerebryansky
tsementniy zavod 17. Chelyabinskie
Stroitelno-Dorozhnye Mashiny 18. Commercial Bank
Soyuz
19. Dmitrov Metallurgical Plant 20. Element
Leasing 21. Engineering Construction
Company 22. Engineering Technology Center
Ltd. 23. Eniseiskaya Kupecheskaya
Korporatsiya 24. Excavatorny Zavod Kovrovets 25.
Glavmosstroy 26. Glavstroy 27. Glavstroy
Corporation 28. Golitsino Bus-Building
Company 29. Hakassky Bentonite Plant 30.
Industrial Park Sibir 31. Ingosstrakh Joint Stock
Insurance Company 32. Irkutsk Smelter 33.
Irkutskenergo 34. KAAZ 35. Kandalaksha
Smelter 36. KAVZ
37. Khakas Smelter 38. Komi Aluminium 39.
Kondrovo Paper Company 40. Krasnoturyinsk Powder
Metallurgy 41. Krasnoyarsk Hydro-Power
Station 42. Krasnoyarsk Smelter 43. Kremniy 44.
Kremniy Ural 45. Kuban Oil Resources 46. Likinsky
Avtobus 47. Lukovetsky LPH 48.
MosMontazhSpetsStroy 49. MosPromStroyMaterialy
50. Nadvoitsky Smelter 51. North-Urals Bauxite
Mine 52. Novokuznetsk Smelter 53. Pavlovo Bus 54.
Pikalyovo Alumina Refinery
55. Polevsk cryolite plant 56. Private Pension
Fund Sotsium 57. Rostar Dmitrov 58. Rostar
Vsevolozhsk 59. Samarainvestneft 60. SAYANAL 61.
Sayanogorsk Smelter 62. SAZ 63. Selenginsk TsKK
64. Service Center SibVAMI 65. Shelekhov Powder
Metallurgy 66. Sorsky Ferromolibdenovyi Zavod 67.
Sorsky GOK 68. South-Urals cryolite
plant 69. Troitskaya Paper Mill 70. Tverskoy
Excavator 71. Ural Foil 72. Ural Motor Vehicles
Plant
73. Ural Smelter 74. Uralaluminium 75. VAMI 76.
Volgograd Powder Metallurgy 77. Volgograd
Smelter 78. Volkhov Smelter 79. Yaroslavl Fuel
Equipment Plant 80. Yazda 81. Yeniseysky TsBK,
82. Zhirekensky Ferromolibdenovyi Zavod 83.
Zhirekensky GOK
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Foreign Assets
Kubikenborg (Kubal, Sweden) Aughinish Alumina
(Ireland) LDV Group (GB) Hochtief AG
(Germany) Strabag SE (Austria)
Nikolaev Alumina Refinery (Ukraine) ARMENAL
(Armenia) Service Center Metallurg (Ukraine)
Jany Jyldyz Gold Ltd (Kyrgyzstan) Erchim-Than
(Mongolia) Batu Mining (Mongolia) Shanxi RUSAL
Cathode (China)
Magna International Inc. (Canada)
Eurallumina (Italy) Kombinat Aluminjiuma
Podgorica (Montenegro) Rudnici Boxita Niksic
(Montenegro) Cemtrade S.A. (Romania)
Bauxite Company of Guyana (Guyana) Windalco
(Jamaica) Alpart (Jamaica)
Aluminium Smelter Company of Nigeria (Nigeria)
Compagnie des Bauxites de Kindia (Guinea) Fria
Alumina Refinery (Guinea)
Queensland Alumina Ltd. (Australia)
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2006 Accomplishments

• Major restructuring of the business into five
  sectors
• Exceptional financial performance and sustainable
  growth
• Increased level of information disclosure
• Recruitment of world-class management team
• Expansion into new sectors and markets

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2006 Key Financial Indicators
Revenue by sector, 2005-2006, mln USD
2005
2006
Company revenue, 2005-2006, mln USD
Total asset value, 2005-2006, bln USD
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Energy Sector (En Group)
Andrew Michelmore

• 2006 Main Accomplishments
• UC RUSAL
• Merger of RUSAL, Sual and Glencore, forming the
  worlds largest aluminium company
• Independent Directors appointed to the Board
• En
• En management team formed

Aluminium, energy, oil and tin can business
UC RUSAL, Evrosibenergo, Salamon Enterprises,
United Oil Group

• 2006 Key Facts
• 118,500 employees
• 4 million tonnes aluminium production
• 11 million tonnes alumina production
• 19 Gwt of installed capacity
• 3 million tonnes of oil refining capacity

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Resources Sector (Element Resources)

• 2006 Main Accomplishments
• Ferromolybdenum production launched
• Acquired stakes in leading Mongolian mining
  companies - Batu Mining and Gobi Coal Energy
• Continental Management increased production by
  over 20

Daniel Major
Mining and timber businesses SMR, Continental
Management, Jany Jyldyz Gold Ltd, Batu Mining

• 2006 Key Facts
• 16,000 employees
• Pulp and paper - 450,000 tonnes
• 4 licenses for gold mining in Kyrgyzstan
• 78 coal, gold an uranium exploration and mining
  licenses in Mongolia

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Financial Services Sector (Basic Element Finance)

• 2006 Main Accomplishments
• Bank Soyuz
• Strengthened management team
• Moodys credit rating upgrade to B1
• Element Leasing Company
• Doubled number of clients
• Entered the Ukrainian market
• Ingosstrakh
• Acquired 71.25 stake in JSC Chrezvychainaya
  insurance company
• Standard Poors raised Ingosstrakhs rating to
  BB
• Belgian Export Credit Agency ONDD became
  shareholder in Ingosstrakh Garant

Olga Zinovieva
Insurance, banking, leasing, pension fund
management, asset management Ingosstrakh, Bank
Soyuz, Element Leasing, Sotsium, Pifagor

• 2006 Key Facts
• 6,000 employees
• 60 leasing POS in Russia
• 140,000 pension fund clients

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Manufacturing Sector (Russian Machines)
Valery Lukin

• 2006 Main Accomplishments
• Acquired LDV in Great Britain
• Began cooperation with Magna aimed at production
  of auto components in Russia
• Daimler Chrysler assembly lines are being
  installed
• Introduced separate management of civilian and
  military vehicle businesses
• GAZ ordinary shares up 62

Automotive, aviation and rail production Gaz
Group, Aviacor Aviation Plant, Abakanvagonmash

• 2006 Key Facts
• 115,000 employees
• 218,565 light commercial vehicles and trucks
• 18,673 buses
• 2 passenger planes built, 6 renovated
• 3,390 rail containers and platforms

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Construction and Materials Sector

• 2006 Main Accomplishments
• Reorganised Glavstroy management structure
• Built 1 million m2 of residential property
• Initiated construction of the Serebryansk cement
  factory in Ryazan oblast
• Acquired SasTobeCement plant in Kazakhstan

Douglas Lund
Construction services, production of construction
materials, cement business Glavstroy,
BaselCement

• 2006 Key Facts
• 21,000 employees
• Glavstroy consolidated revenue of approximately
  1 billion
• Cement production at Kazakhstan facility
  increased over 3.5 times

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Key Events in 2007

• Infrastructure and Development Sector created
• Completed the merger of RUSAL, Sual and Glencore
  into the worlds largest aluminium company
• Acquisition of 9.99 stake in Hochtief, Europes
  leading airport construction and management
  company
• Agreement to purchase 30 stake in STRABAG,
  Europes leading tunnel and road construction
  company
• Agreement to purchase a stake in Magna, the
  worlds leader in automotive components
  manufacturing

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2007 Priorities

• Focus on infrastructure and manufacturing
  businesses
• Establish international partnerships to attract
  technology and know-how
• Create professional growth opportunities and
  motivate employees
• Enhance corporate governance

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2006 Results 2007 Priorities
Gulzhan Moldazhanova, CEO

Alexander Lukin, CFO 21 June 2007