HONG KONG--(BUSINESS WIRE)--Regulatory News:
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UNITED COMPANY RUSAL PLC (Paris:RUSAL) (Paris:RUAL)
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)
CONTINUING CONNECTED TRANSACTIONS
UPDATE ON REPAIR SERVICES CONTRACTS
Reference is made to the announcement of the Company dated 2 July 2015 in relation to the Repair Services Contracts (the “Announcement”). Unless otherwise defined herein, the capitalized terms used herein shall have the same meanings as those defined in the Announcement.
THE ADDITIONAL AGREEMENT
As disclosed on page 3 of the Announcement, RUS-Engineering, as customer, and Bratskenergoremont, as contractor, entered into an agreement dated 15 May 2015 pursuant to which Bratskenergoremont agreed to provide services to conduct overhaul of boiler to RUS-Engineering (the “Original Agreement”). The Company announces that, on 20 August 2015, RUS-Engineering, Open Joint Stock Company “RUSAL Achinsk Alumina Refinery” (“RUSAL Achinsk”) and Bratskenergoremont entered into an additional agreement to the Original Agreement (the “Additional Agreement”) pursuant to which the rights and obligations of RUS-Engineering under the Original Agreement were transferred to RUSAL Achinsk with effect from 1 July 2015 with the consent of Bratskenergoremont. Save as disclosed above, the terms of the Original Agreement remain unchanged.
Both RUS-Engineering and RUSAL Achinsk are wholly-owned subsidiaries of the Company.
Based on the terms of the Repair Services Contracts and the Additional Agreement, the estimated annual aggregate transaction amount that is payable by the Group to the associates of En+ for the financial year ending 31 December 2015 remains as approximately USD13.1 million as disclosed in the Announcement.
By Order of the Board of Directors of
United Company RUSAL Plc
Aby Wong Po Ying
21 August 2015
As at the date of this announcement, the executive Directors are Mr. Oleg Deripaska, Mr. Vladislav Soloviev and Mr. Stalbek Mishakov, the non-executive Directors are Mr. Maxim Sokov, Mr. Dmitry Afanasiev, Mr. Len Blavatnik, Mr. Ivan Glasenberg, Mr. Maksim Goldman, Ms. Gulzhan Moldazhanova, Mr. Daniel Lesin Wolfe, Ms. Olga Mashkovskaya and Ms. Ekaterina Nikitina, and the independent non-executive Directors are Mr. Matthias Warnig (Chairman), Dr. Peter Nigel Kenny, Mr. Philip Lader, Ms. Elsie Leung Oi-sie and Mr. Mark Garber and Mr. Dmitry Vasiliev.
All announcements and press releases published by the Company are available on its website under the links http://www.rusal.ru/en/investors/info.aspx, http://rusal.ru/investors/info/moex/ and http://www.rusal.ru/en/press-center/press- releases.aspx, respectively.