EN+ GROUP PLC announces new Board members
27 January 2019 — EN+ GROUP PLC (the “Company”, “En+ Group” or, together with its
subsidiaries the “Group”), (LSE: ENPL; MOEX: ENPL), a leading international vertically
integrated aluminium and power producer, announces the appointment of new members of
the board of directors of the Company (the “Board”).
As announced earlier today, the Office of Foreign Assets Control (“OFAC”) of the U.S.
Department of the Treasury has removed the Company and its subsidiaries from the SDN List
with immediate effect. The removal by OFAC of the Company and its subsidiaries from the
SDN List was subject to and conditional upon the satisfaction of a number of conditions,
including changing the composition of the Board and of the board of directors of UC Rusal plc
so that they are composed of a majority of independent directors.
The Company is pleased to announce that the following individuals have been appointed as
independent directors in addition to the independent chairman Lord Barker and independent
director Philippe Mailfait, whose statutory term is drawing to a close, with immediate effect:
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Christopher Bancroft Burnham. With a distinguished career in government, diplomacy,
banking, and private equity, Mr. Burnham is the Chairman and CEO of Cambridge Global
Capital LLC. Mr. Burnham is a globally recognised expert in the implementation of
accountability and transparency, and the implementation of best practice in government,
corporations, and inter-governmental organisations, having served as Under Secretary
General for Management of the United Nations and Under Secretary of State for
Management (acting). Mr. Burnham is a former Vice Chairman at Deutsche Bank Asset
Management and co-founded and led Deutsche Bank’s direct private equity group, RREEF
Capital Partners. Mr. Burnham is also a former Assistant Secretary of State for Resource
Management and Chief Financial Officer of the U.S. Department of State.
Carl Hughes. With over 30 years’ experience in the oil and gas, mining and utilities sectors,
Mr. Hughes is a Non-executive Director and the Audit Committee Chairman of EnQuest
PLC and a member of the Finance and Audit Committee of the Energy Institute. Mr. Hughes
served as a Vice Chairman, senior audit partner and leader of Deloitte’s energy and
resources business globally and as a chartered accountant and partner at Arthur Andersen.
Joan MacNaughton. An influential figure in international energy and climate policy, Ms.
MacNaughton worked in the UK government until 2007 in a wide number of leadership
roles, including as Director General of Energy and subsequently as Director General,
International Energy Security at the Department of Trade and Industry. Ms. MacNaughton
is currently Chair of The Climate Group and of the Advisory Board of the New Energy
Coalition of Europe. Ms. MacNaughton also sits on the Strategic Advisory Board of Engie
UK and is a Non-Executive Director of the James Hutton Institute and of the Energy Savings
Trust, sits on several other advisory boards and has wide board experience in the public
and private sectors.
Nicholas Jordan. With more than 30 years' experience in senior positions in leading global
financial institutions, Mr. Jordan was Co-CEO of Goldman Russia at Goldman Sachs and
CEO of Russia & the Commonwealth of Independent States at UBS Group AG. Mr. Jordan
was also Executive Chairman of Big Un Limited from May 2018 until October 2018. Mr.

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Jordan has previously held positions as Chairman of the Supervisory Board at 4finance
Group S.A. (part of the Finstar Group).
Igor Lojevsky. With extensive experience of board-level governance in large, complex
organisations with international scope of operations, Mr. Lojevsky previously served as Vice
Chairman of Eastern Europe for Deutsche Bank's Asset & Wealth Management and
Corporate Banking & Securities divisions. Mr. Lojevsky’s past practical experience includes
Chairmanship and membership positions on the Strategic, Audit and Remuneration &
Nomination Committees of major companies in banking, mining, transportation and
energy industries.
Alexander Chmel. With extensive experience working as an Independent Director and a
Chairman or a member of audit committees of Russian public companies, Mr. Chmel
currently holds the position of Senior Advisor to Board Practice of Spencer Stuart in Russia
and CIS. During his career, Mr. Chmel worked in senior management roles in PwC on
various projects in energy, utilities and mining practice in Russia and Central and Eastern
Europe.
Andrey Sharonov. Mr. Sharonov has been the President of the Moscow School of
Management SKOLKOVO since September 2016, having originally joined the Business
School team as Dean in September 2013. Mr. Sharonov is Chairman of the Board of
NefteTransService LLC, and a member of the Management Board of such companies as
PJSC Sofkomflot, PJSC PhosAgro and JSC Medicina. From 2007 through 2010 Mr. Sharonov
was managing director and Chairman of the Board of Directors of Troika Dialog Investment
Company, and headed its investment banking business.

Lord Barker of Battle, the Company’s Independent Chairman said:
“I am delighted to have attracted such a strong and diverse group of new independent directors
to the board of En+. The Board now comprises eight first class independent directors, who
together have the requisite skills and experience to enforce the new robust reporting and
verification regime, put in place in cooperation with OFAC.
The new Board of Directors will take additional actions, above and beyond what OFAC has
mandated for the company, to demonstrate the board’s absolute commitment to transparency,
accountability and good corporate governance.
Key steps to be implemented by the independent directors are to include:
1. establishing a separate board committee focused on regulatory and compliance
oversight, including the company’s response to OFAC’s requirements; and
2. retaining independent expert counsel to advise the independent directors on governance
matters.
However, in addition to these sweeping changes in corporate governance, the Board also have
the vision, skills and understanding to help lead the world’s largest, fully integrated producer of
low carbon aluminium to the forefront of the global low carbon economy.
This is a truly world class board for a world class company.”