OREANDA-NEWS. December 24, 2010. UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world’s largest aluminium producer, announces that the issue and the prospectus of the Russian Depository Receipts (“RDRs”) programme of the company have been registered at the Russian Federal Service for the Financial Markets (“FSFM”).

The maximum number of RDRs that may be issued under the RDR programme is 2,000,000,000. This would represent 100% of the authorized share capital of the company. RDRs are planned to be issued on already issued common shares of the company. Each RDR will represent a right of its holder to receive 10 (ten) shares. RDRs do not have any nominal value. There is no time limit on the issue of RDRs within the RDR programme. The date on which the issue of RDRs may commence will be determined by Sberbank being the issuer of the RDRs. The company’s shareholders will be able to receive RDRs against the deposit of shares, and, vice versas, RDR holders will be able to receive shares.

RUSAL becomes the first company to set up a Russian Depository Receipts programme. This programme is aimed at improving the attractiveness of and access to RUSAL’s shares for the extensive Russia-focused investor base that was unable to participate in the company’s listing of its shares on the Hong Kong Stock Exchange.

It is currently contemplated that RDRs will be listed on both “MICEX Stock Exchange” and “Russian Trading System” Stock Exchange. Listing on both of these stock exchanges remains subject to compliance with all relevant regulatory and listing requirements, applicable laws and regulations.