Company Announcements

EN+ GROUP IPJSC responds to press speculation regarding UC Rusal Plc

19 September 2019 - EN+ GROUP IPJSC ("En+" or the "Company") (LSE: ENPL; MOEX: ENPL) notes recent press speculation in connection with future dividend payments by UC Rusal Plc ("Rusal").  The Company confirms that it has no information relating to Rusal's intentions in this regard.

En+ further confirms that its own approach to distributions has not changed since its announcement on 16 August 2019 in connection with its results for the six months ended 30 June 2019 in which it stated that, despite the global conditions remaining challenging for the sector, thanks to the progress made so far, the Company anticipates paying dividends for 2019. This should be consistent with the long-term deleveraging targets approved by the Company's new board of directors (the "Board"), alongside the Board's intention to return to the existing long-term dividend policy as soon as market conditions allow.

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This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.