RUSAL Announces Full Year Production Results for 2009

MOSCOW, February 22, 2010 - RUSAL (SEHK: 486; EuroNext: RUSAL/RUAL), the world's largest aluminium
and alumina producer, announces its key production data for 2009 (Note 1).

    Key highlights

    * Total aluminium output amounted to 3.9 million tonnes in 2009, a
      reduction of 11% compared to 2008.
    * Alumina output totaled 7.3 million tonnes in 2009, a decline of 36% as
      compared to 2008.
    * Following weakened demand, bauxite production was reduced by 41% to
      11.3 million tonnes in 2009 as compared to 2008.
    * Aluminium foil and packaging production volume of about 67.8 thousand
      tonnes in 2009 remained practically unchanged as compared to 2008.
    * Assuming growth in demand for aluminium in 2010 as forecast by the
      experts referred to below, in 2010 RUSAL plans to produce 3% more
      aluminum and 7% more alumina than in 2009.

Commenting on the today's announcement, Oleg Deripaska, CEO of RUSAL
said:

"The past year tested the resilience of the aluminium industry and forced
every company to respond to the downturn. RUSAL acted decisively to address
the consequences of the global economic downturn and enhanced its long term
competitiveness through its cost-cutting programme, successful restructuring
of its debt and its share listing on the Hong Kong and NYSE Euronext Paris
stock exchanges. We have laid a solid foundation for the further sustainable
development of our business.

We are seeing the first signs of a recovery in demand, as more countries
emerge from recession, reflected in an increasing number of orders from our
clients in Europe and the U.S. as well as continued economic growth in Asia
which encourages our optimism about prospects for the aluminium industry. We
believe that the stabilization that is now being seen will lead to
consumption growth exceeding the pace of production increases."

For Total Output in 2009, please visit:
www.prnasia.com/sa/attachment/2010/02/2010022239588.pdf

Market analysis (Note 2)

2009 was one of the toughest years on record for the global economy and
commodity markets, including the aluminium industry. According to CRU Group,
the global recession resulted in an 8.2% drop in demand for aluminium in 2009
compared to 2008. In 2009, the average price for aluminium dropped by 35%
compared to 2008. Responding to these negative factors, in 2009, aluminium
producers cut annual production by about 2.4 million tonnes and postponed
launching new facilities totaling about 3.5 million tonnes a year. Overall,
global aluminium production dropped 5.9% as compared to 2008 to 37.8 million
tonnes in 2009.

In 2009, global prices for aluminium and other commodities were supported
by the growing Chinese economy, which was aided by a USD 685 billion stimulus
programme supporting economic growth through major infrastructure projects
and a range of measures to stimulate demand for industrial products,
including the automotive industry. According to Brook Hunt, in late 2009, the
revival of developed economies initiated restocking throughout the aluminium
production chain, further supporting demand.

Aluminium

UC RUSAL total attributable aluminium output amounted to 3.946 million
tonnes in 2009, a reduction of 11% compared to 2008. The lower volume was in
part caused by the temporary suspension of the least cost-efficient smelters,
the Novokuznetsk (NkAZ), Bogoslovsk (BAZ) and Urals Aluminium Smelters (UAZ)
in Russia and the Zaporozhye Aluminium Smelter (ZALK) in Ukraine.

For details, please visit:
www.prnasia.com/sa/attachment/2010/02/20100222627570.pdf

Alumina

Total attributable alumina output for UC RUSAL amounted to 7.279 million
tonnes in 2009, a decline of 36% as compared to 2008. Production was cut at
relatively high cost alumina facilities, such as Aughinish (Ireland) and the
Zaporozhye Alumina Refinery (ZALK, Ukraine). Production was temporarily
suspended at Eurallumina (Italy), Windalco (Jamaica) and Alpart (Jamaica).

For details, please visit:
www.prnasia.com/sa/attachment/2010/02/20100222276070.pdf

Bauxite

Due to weakened demand, the Company's overall bauxite production was
reduced by 41% to 11.3 million tonnes in 2009 as compared to 2008.

For details, please visit:
www.prnasia.com/sa/attachment/2010/02/20100222102772.pdf

Investment projects

RUSAL will continue implementing its core investment project -the
construction of the Boguchanskaya Hydro Power Plant. The Company is also
actively seeking project financing to revive the construction of the Taishet
and Boguchansky Aluminium Smelters.

Outlook for 2010

A number of experts are forecasting that 2010 will see considerable
growth of the aluminium market generated by rising demand from the automotive
and packaging sectors. CRU analysts expect aluminium consumption to grow by
12.6% in 2010 as compared to 2009. Positive dynamics are expected to be
driven primarily by continued economic development in China and India due to
growing urbanization. Demand for aluminium is also expected to be supported
by the major developed countries as the global economy revives.

Assuming the gradual restoration of the market in 2010, RUSAL plans to
increase production of aluminium by 3% in 2010, compared to 2009. The
increase is expected to include an increase in production at the Siberian
plants, Alscon (Nigeria), KUBAL (Sweden) and potline 5 at the Irkutsk
Aluminium Smelter (IrkAZ) in Russia reaching its full production capacity.

On the basis of the same assumption, RUSAL expects to increase alumina
output by 7% in 2010 compared to 2009, by stabilisation of alumina production
at the Achinsk Alumina Refinery (AGK), Bogoslovsk (BAZ) and Urals Aluminium
Smelters (UAZ) as well as restoring production at the Boksitogorsk Alumina
Refinery (BGZ) in Russia and Aughinish Alumina Refinery in Ireland.

    Note 1: The figures disclosed in the announcement are unaudited and
            therefore may differ from the audited figures

    Note 2: Source: CRU Group (unless otherwise stated)

ABOUT RUSAL

RUSAL (www.rusal.com ) is the world's largest producer of
aluminium, in 2008 accounting for approximately 11% and 13% of global
production of aluminium and alumina, respectively. RUSAL employs more than
75,000 people in 19 countries, across 5 continents. RUSAL markets and sells
its products primarily in the European, Japanese, Korean, South East Asian
and North American markets. RUSAL's ordinary shares are listed on The Stock
Exchange of Hong Kong Limited (Stock code: 486) and global depositary shares
representing RUSAL's ordinary shares are listed on the professional
compartment of Euronext Paris (RUSAL for Reg S GDSs and RUAL for Rule 144A
GDSs).

Forward-looking statements

This announcement contains statements about future events, projections,
forecasts and expectations that are forward-looking statements. Any statement
in this announcement that is not a statement of historical fact is a
forward-looking statement that involves known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. These risk and uncertainties include those
discussed or identified in the Prospectus. UC RUSAL makes no representation
on the accuracy and completeness of any of the forward-looking statements,
and, except as may be required by applicable law, assumes no obligations to
supplement, amend, update or revise any such statements or any opinion
expressed to reflect actual results, changes in assumptions or in UC RUSAL's
expectations, or changes in factors affecting these statements. Accordingly,
any reliance you place on such forward-looking statements will be at your
sole risk.

Disclaimer

The information contained in this press release is for media advice only.
The contents are true and accurate at the time of publishing, however, may
change over time.

    For Mass Media Enquiries:

     RUSAL
     Vera Kurochkina
     Tel: +7-495-720-5170
     Vera.Kurochkina@rusal.com

    For Investor Enquiries:

     RUSAL
     Catherine Shiang
     Tel: +852-6391-6819
     Catherine.Shiang@rusal.com

Vera Kurochkina, +7-495-720-5170, Vera.Kurochkina at rusal.com; Catherine Shiang, +852-6391-6819, Catherine.Shiang at rusal.com, both of RUSAL