OREANDA-NEWS. June 9, 2011. In response to recent press speculation, UC RUSAL wishes to clarify that the Board of Directors of the Company has not discussed any equity capital raising.

The Company has successfully reduced leverage ahead of schedule through strong cashflow generation and is in the process of discussing a debt refinancing facility with its banking syndicate. The proposed refinancing facility does not require any issuance of equity or sale of assets as a condition precedent.

UC RUSAL is the world’s largest producer of aluminium, in 2010 accounting for approximately 10% and 10% of global production of aluminium and alumina, respectively. UC RUSAL employs about 72,000 people in 19 countries, across 5 continents. UC RUSAL markets and sells its products primarily in the European, Japanese, Korean, Chinese, South East Asian and North American markets. UC RUSAL’s ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486), global depositary shares representing UC RUSAL’s ordinary shares are listed on the professional compartment of Euronext Paris (RUSAL for Reg S GDSs and RUAL for Rule 144A GDSs), and Russian depositary receipts that are issued on common shares of the Company are listed on MICEX (RUALR) and RTS (RUAL) stock exchanges.