UNITED COMPANY RUSAL: Clarification Announcement

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UNITED COMPANY RUSAL PLC (Paris:RUSAL) (Paris:RUAL)

(Incorporated under the laws of Jersey with limited liability)

(Stock Code: 486)

Reference is made to the announcement of United Company Rusal Plc (the "Company”) dated 14 February 2011 in relation to the production results for the year ended 31 December 2010 (the "Announcement”). Unless otherwise stated, terms used in this clarification announcement shall have the same meanings as those defined in the Announcement.

The Board wishes to clarify that, due to inadvertent typographical error, (i) the aggregate coal production attributable to the Group’s 50% share in LLP Bogatyr Komir in 2009 and 2010 as set out in the paragraph headed "Coal production results” on page 11 of the Announcement was mistakenly stated as "17,334 million tonnes” and "19,445 million tonnes” respectively; and (ii) the aggregate coal and iron ore transported by the Company by railway in 2009 and 2010 as set out in the paragraph headed "Transportation results” on page 11 of the Announcement was mistakenly stated as "16,397 million tonnes” and "18,617 million tonnes” respectively. The Board wishes to clarify that the figures set out in the table under the section headed "Other business” are correct, and that the two paragraphs headed "Coal production results” and "Transportation results” should be replaced with the texts below:

"Coal production results

The aggregate coal production attributable to the Group’s 50% share in LLP Bogatyr Komir increased by 12% to 19,445 thousand tonnes in 2010, as compared to 17,344 thousand tonnes in 2009. The increase in volume in 2010 as compared to 2009 was due to a general increase in electricity consumption in the South Urals of Russia.

Transportation results

The aggregate coal and iron ore transported by the Company by railway increased by 14% to 18,617 thousand tonnes in 2010, as compared to 16,397 thousand tonnes in 2009. The increase in volume in 2010 was in line with the increase in coal consumption and production discussed above.”

17 February 2011

As at the date of this announcement, our executive directors are Mr. Oleg Deripaska, Mr. Vladislav Soloviev, Mr. Petr Sinshinov, Ms. Tatiana Soina, Mr. Alexander Livshits and Ms. Vera Kurochkina, our non-executive directors are Mr. Victor Vekselberg (Chairman), Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr. Ivan Glasenberg, Mr. Alexander Popov, Mr. Dmitry Razumov, Mr. Anatoly Tikhonov and Mr. Artem Volynets, and our independent non-executive directors are Dr. Peter Nigel Kenny, Mr. Philip Lader, Mr. Barry Cheung Chun-Yuen and Ms. Elsie Leung Oi-sie.

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