Sale of shares by shareholder

23 June 2021 - EN+ GROUP IPJSC (the "Company", "EN+" or the "Group") (LSE: ENPL; MOEX: ENPG), announces the sale of shares by Ms. Polina Yumasheva representing 2.6% of the Company's issued share capital.

The Company has been advised by Ms. Polina Yumasheva that she has sold 16,641,700 ordinary shares of the Company, representing 2.6% of the issued share capital. The purchaser of the shares is Mubadala Investment Company, the Abu Dhabi-based sovereign investor. Mubadala's $243 billion global portfolio spans six continents with interests in multiple sectors and asset classes. Its portfolio includes Masdar, a global leader in renewable energy, and Emirates Global Aluminium, a leading aluminium producer.

Following the sale, Ms. Yumasheva's stake in EN+ has decreased from c. 5.19% to 2.58% of the issued share capital of the Company, whilst the Company's free float has increased to 12.3%.

Faris Sohail Al Mazrui, Head of Mubadala's Russia & CIS Investment Program, said: "EN+ has made significant progress in recent years, and is well positioned to generate sustainable value for stakeholders. The company is a market leader in the clean energy and aluminium sectors, and is a welcome addition to Mubadala's growing and successful portfolio in Russia."

Lord Barker of Battle, Executive Chairman of the En+ Group, said: "We are pleased to have Mubadala increase their stake in EN+. It is a clear endorsement of the strength of the Company's equity story to attract such a leading global investor. Mubadala, which is committed to investments with positive and lasting impact, provides a further vote of confidence in the Group's ambitious strategy to lead our sector into the low-carbon economy."

"OFAC has been duly notified of the sale, which is fully compliant with the terms of the Barker Plan."

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