United Company RUSAL Plc : The Signing of Annex 11 to the Dian-Dian Concession Agreement with the Republic of Guinea<0486.HK>

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HONG KONG--(Business Wire)--
Regulatory News :

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Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.

UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)

THE SIGNING OF ANNEX 11 TO THE DIAN-DIAN CONCESSION AGREEMENT WITH THE REPUBLIC
OF GUINEA

United Company RUSAL Plc (the "Company") (Paris:RUSAL) (Paris:RUAL) announces
that, on 28 December 2012, the Company and the Republic of Guinea have signed
Annex 11 to the Dian-Dian Concession Agreement dated 21 July 2001 (the "Annex
11") in relation to the Dian-Dian project (which involves a greenfield
bauxite/alumina complex) to be constructed in the Republic of Guinea.

The Company considers the signing of Annex 11 as a significant development in
bauxite mining in the Republic of Guinea. Annex 11 provides for the following
obligations of the Company:

1
Development of the feasibility study and environmental impact
assessment of the bauxite mine with the capacity of up to 9 million
tons per annum and with the possibility of expansion to up to 12
million tons per annum; construction of the mine with the capacity of
3 million tons per annum; development of the feasibility study and
environmental impact assessment of the construction of alumina
refinery with the capacity of 1.2 million tons per annum. These
obligations are due on 31 December 2015.
2
Expansion of the capacity of the mine to up to 6 million tons per
annum for export of the bauxite. This obligation is due on 31 December
2019.
3
Construction of the alumina refinery with the capacity of 1.2 million
tons per annum. This obligation is due on 31 December 2019.
4
Expansion of the capacity of alumina refinery to up to 2.4 million
tons in the Company´s option, depending on the prevailing market
conditions. This obligation is due on 31 December 2021.

Under the Dian-Dian project, the Company has 100% ownership of the mine and
refinery. Pursuant to Annex 11, the Company has the right to access to the
bauxite resources of over 1 billion tons, as well as the right to mine and
export bauxite and to produce and export alumina. The Government of the Republic
of Guinea has undertaken to provide all necessary assistance, including
assistance in providing access to railroad and sea port infrastructure.

Annex 11 is subject to approval of the Board of Directors of the Company and the
ratification and promulgation in accordance with the laws of the Republic of
Guinea.

Annex 11 may or may not proceed as contemplated or at all. Shareholders and
investors are advised to exercise caution when dealing in the securities of the
Company.

By Order of the board of directors of
United Company RUSAL Plc

Vladislav Soloviev

Director

31 December 2012

As at the date of this announcement, the executive Directors are Mr. Oleg
Deripaska, Ms. Vera Kurochkina, Mr. Maxim Sokov and Mr. Vladislav Soloviev, the
non-executive Directors are Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr. Ivan
Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Christophe
Charlier, Mr. Artem Volynets, Mr. Dmitry Yudin, Mr. Vadim Geraskin, and the
independent non-executive Directors are Mr. Barry Cheung Chun-yuen, Dr. Peter
Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie and Mr. Matthias Warnig
(Chairman).

All announcements and press releases published by the Company are available on
its website under the links http://www.rusal.ru/en/investors/info.aspx and
http://www.rusal.ru/en/press-center/press-releases.aspx, respectively.

United Company RUSAL Plc

Copyright Business Wire 2012