RUSAL WINS EAST CAPITAL’S DISCOVERY OF THE YEAR AWARD

Aluminium company Rusal has won the Discovery of the Year award at the East Capital Awards. Since 2004, East Capital has annually recognized some of the most successful companies in its investment universe through the East Capital Awards. These are awarded in the categories of best growth, best IPO, best corporate governance and discovery of the year.

The leading asset manager specialising in emerging and frontier markets has praised Rusal for the work it has done over the past few years to revitalise its investment appeal and points to the valuation and strong future ebitda estimates.

Peter Elam Håkansson, President and Chief Investment Officer of East Capital points out that “Rusal is one of the world’s largest aluminium producers and enjoys the lowest carbon intensity globally due to the fact that 90% of its energy consumption comes from hydropower. The stock has returned 120% year to date and has entered the MSCI Russia and emerging market indices in December, at which point we expect the wider investor universe to start looking more closely at the name, which should drive performance further.”

Oleg Mukhamedshin, Rusal’s Deputy CEO adds, “We are delighted to receive this award from such a respected international investor, known for his in-depth fundamental analysis of companies and his deep understanding of global markets. The team has worked over the last few years to lead the industry and all its stakeholders towards a more sustainable future while delivering on its financial returns and equities”.

East Capital also expects the company’s long-term performance to be further boosted by growth in structural demand for low-carbon aluminium, which is becoming a crucial material in a variety of sectors such as automotive, construction and packaging.