Investor presentation Disclaimer

The information contained herein has been prepared for the use in this Presentation (the “Presentation”) and has not been independently verified. Such information is confidential and is being provided to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose.

The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. Certain industry, market and competitive position data contained in this Presentation come from official or third party sources believed to be reliable but ALROSA does not guarantee its accuracy or completeness.

This Presentation contains statements about future events and expectations that are forward-looking statements. Any statement in this Presentation 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 the ALROSA’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. ALROSA assumes no obligation to update, supplement or revise forward-looking or any other statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. ALROSA does not intend or have any duty or obligation to update or to keep current any information contained in this Presentation.

The resources and reserves estimates provided in this Presentation have been prepared and presented in accordance with the standards and classifications of the JORC Code (the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves as promulgated by the Australasian Joint Ore Reserves Committee), which differ in significant respects from the standards and classifications applicable to the disclosure of mineral resources and reserves under the laws and regulations of certain other jurisdictions, including the regulations of the U.S. Securities Exchange Commission (the “SEC”) with respect to registration statements and other documents filed with the SEC. Among other things, in accordance with the JORC Code, this Presentation provides certain mineral resources estimates classified as “inferred”, “indicated” or “measured”, which differ in significant respects from “probable” and “proven” mineral reserves estimates and are not disclosed in certain jurisdictions, including in SEC filings. There can be significant uncertainty as to whether mineral resources can ever be feasibly and commercially mined. For further explanation of the JORC Code, see the JORC website at www.jorc.org.

This Presentation does not constitute an offer to sell, or any solicitation of any offer to subscribe for or purchase, any securities. No part of this Presentation, nor the fact of its distribution, should form any basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever.

The information in this Presentation is subject to verification, completion and change. No representation or warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the accuracy or completeness of the information or opinions contained in this Presentation. None of ALROSA nor any of its shareholders, directors, officers or employees, affiliates, advisors, representatives nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this Presentation or its contents or otherwise arising in connection therewith.

This Presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

This Presentation is not for distribution, directly or indirectly, to the public in the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials are not an offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. ALROSA does not intend to register any part of any offering in the United States or to conduct a public offering of any of its securities in the United States.

By attending a meeting where this Presentation is made or reviewing this Presentation you acknowledge and agree to be bound by the foregoing. 2 Contents

1 Market and Sales Overview 4

Market Overview 4 2 Operations Overview 16

3 FinancialALROSA OverviewPerformance Overview 2421

3 Market and Sales Overview

4 ALROSA is a global leader in rough diamond production with a strong financial profile

ALROSA’s financial results summary

Revenue, RUB bn EBITDA, RUB bn Free Cash Flow

• ALROSA is a public diamond company with a EBITDA margin, % 34% free-float on the Exchange 317 300 • ALROSA’s production totaled 37.4 mln ct in 2016 250 225 representing 29% of global diamond output 207 200 169 56%176 53% • Strong financial performance resulting in 41% y-o-y 150 118 111 revenue growth to RUB 317 bn, 49% y-o-y EBITDA 45% 94 100 growth to RUB 176 bn, EBITDA margin of 56% and 41% 69 42 41 robust free cash flow of RUB 111 bn 50 17 0 2013 2014 2015 2016

ALROSA’s shareholder structure Global diamond production

33% The Russian Federation 29% ALROSA

25% The Republic of 21% (Yakutia) 127 mln ct 14% Rio Tinto 8% Yakutian municipal districts

34% Free float 7% Catoca 6% Dominion Diamond Corp

23% Other

5 Rough diamond production is dominated by a few mining companies with the highest margins across diamond pipeline

Sales of rough Rough diamond Cutting & polishing Diamond jewelry Retail sales of from production of diamonds manufacturing diamond jewelry major producers

Margins 18‒22% 1‒3% < 1% 3‒5% 4‒11%

Major retailers Top 5 players control Players ~ 100 players ~ 5,000 players > 10,000 players control ~ 35% of the ~ 70% of the market market

Entry High High Low Medium Medium barriers

Source: Company data, Kimberley Process, Euromonitor, AWDC Bain report “The Global Diamond industry 2016”, AWDC Bain report “The Global Diamond industry 2015”, AWDC 6 Bain report “The Global Diamond Report 2014”, AWDC Bain report “The Global Diamond Report 2013”. Global diamond jewelry sales expanded by 4% annually over the past decade and are expected to show mid-single digit growth in the coming years

Global diamond jewelry sales grew 4% annually over the past decade The Americas and Asia-Pacific comprise 70% of diamond jewelry $ bn market 4% per year 80 The Americas

40 Other Japan Asia-Pacific

0 India Europe 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Global diamond jewelry sales were almost flat in 2016, as growth in Driven by macroeconomic indicators diamond jewelry consumption the Americas was offset by decline in Asia-Pacific in key markets is expected to grow in mid-single digit numbers $ bn

80 +3% (3%) (9%) USA China (3%) +5% (1%) (1%) Personal Personal GDP disposable GDP disposable income income

Pacific 6.0% -

40 India Japan

Europe 4.2% Asia

TheAmericas 2.4%

2.0% Othercountries

600 2015 2016 2017-2021F 2017-2021F 2017-2021F 2017-2021F

Source: IMF, Economist Intelligence Unit 7 Despite production increases announced by mining companies in recent years global rough diamond production has remained relatively flat

Global diamond production forecast (based on diamond producers’ plans and life-of-mines periods) mln ct, y-o-y CAGR ~ 4% ~ 0%

135 127

2016F 2017F 2018F 2019F 2020F 2021F 2022F 2023F 2024F 2025F Existing mines New mines

Global rough diamond production historical data mln ct

176 168 163 169 mln ct average 130 120 128 123 128 125 127 127 126 mln ct average

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016F

8 Diamond exploration becomes increasingly challenging

• Approximately 15% of discovered are diamond-bearing, with 1% of these typically becoming producing mines

• Currently, the search of new pipes is complicated due to overburden, all surface kimberlite pipes have already been discovered

• The average time from discovery to production for diamond mines is approximately 6 years

It takes around 6 years from discovery to start of Discovery of new kimberlites is much more challenging now production at a mine Host rocks Sandstones Kimberlite pipes Discovery-to-production period, years (overburden)

Aikhal Botuobinskaya Development process International Nyurbinskaya + dewatering Development process Jubilee Mayskaya 9 I II III 9 m 7 6 6 6 60 m 80 m 70 m

4 4

Diavik Ekati Argyle Nyurbinskaya Catoca Finsch Orapa 1954- 1960 1969 1974- 1994 1996 2006 1956 1975

(Rio Tinto / (Dominion (Rio Tinto) (ALROSA) (ALROSA/ (Petra (De Beers) Dominion Diamond Endiama / Diamonds) Year of discovery Diamond Corp.) Odebrecht / Corp.) LLI Holding )

9 Rough diamonds market is expected to be balanced in the mid-term, demand is expected to exceed supply after major diamond producers sell off inventories accumulated prior to 2015

Excess inventories in midstream were released in 2015‒2016 $ bn (0.4) +0.7 (0.5) 24 +2.5 (3.1) Polished diamonds produced

Polished diamonds 12 exported

Inventory accumulation (decrease)

0 2012 2013 2014 2015 2016 Source: Gem Jewellery Export Promotion Council, Company estimates

Global demand and supply imbalance $ bn

20

Rough diamonds demand: 3% annually Rough diamonds demand

Rough diamonds production

15 Rough diamonds supply including sales from inventories

Rough diamonds supply: 4% annually Rough diamonds supply: 0% annually Rough diamonds sales from inventories

10 2016F 2017F 2018F 2019F 2020F 2021F 2022F 2023F 2024F 2025F

10 ALROSA’s sales in 2016 and Q1 2017 reflect normalized market demand

ALROSA’s rough diamond sales $ mln ALROSA’s rough diamond price index under long-term agreements and spot sales

+21% +46% (20%) 0% +7% (15%) 0% +2%

4,901 4,793 4,375 4,274 4,450 3,437 3,334 +27%

1,325 1,309 1,225 976 849

2010 2011 2012 2013 2014 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Q1 2017 ALROSA rough diamond sales and production mln ct 2010 2011 2012 2013 2014 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Q1 2017 Sales 39.4 32.9 33.2 38.0 39.6 30.0 12.1 9.6 8.3 10.1 40.0 14.1 Production 34.3 34.6 34.4 36.9 36.2 38.3 8.2 8.7 11.0 9.5 37.4 8.9

Sales above/(below) 5.1 (1.7) (1.2) 1.1 3.4 (8.3) 3.9 0.9 (2.7) 0.6 2.6 5.2 production

11 Gem-quality diamond sales account for 71% of total sales volume and 98% of sales value

2016 diamond sales breakdown

by sales volume by sales value

Gem-quality (more than 0.03 ct or 71% more than 1.5 mm) 98%

Industrial (less than 0.03 ct or less 29% than 1.5 mm)

2%

12 Rough diamonds are sorted by size, shape, clarity and color into 204 boxes

Rough diamonds are sorted by size, shape, clarity and color into 8,013 classification positions…

26 sizes 16 shapes 5 clarity categories 34 colors

…which are combined to form 204 rough diamond boxes ready for sale

5-10CT Stones & Shapes Yellow 5-10CT Black Makeable White 5-10CT Rejections Brown

13 ALROSA has a diverse distribution platform by channel and geography

Rough diamond sales by channel Geography of sales

69% Long-term contracts 49% Belgium

17% India 15% Spot sales

11% Israel 16% Tenders

10%

6% UAE

4% China

3% Other

• ALROSA has a three-channel distribution strategy focused on long-term contracts, tenders and spot sales

• Currently ALROSA has 69 clients under long-term contracts, including 57 for gem-quality diamonds, with committed volumes and assortment

• Long-term clients are selected based on their financial position, reputation and track record

14 ALROSA has a rigorous client management policy which has increased diversification and number of clients across all sales channels

Approval of clients subject to: Number of clients by sales channel

• appropriate legal capacity 2010 2016 Change • sustainable financial position

Long-term contracts 15 69 +54 • track record in diamond business

• sufficient level of solvency Spot sales and tenders 176 712 +536

Sales diversification conditions: Total number of clients 191 781 +590

• no more than $20 mln per month per Average monthly sales 1.45 0.47 (68%) client per client, $ mln

• no more than 5% of total monthly sales per client Top 5 share in total sales 24% 18% (6)pp

15 Operations Overview

16 ALROSA’s diamond production is well-diversified between divisions and types of mining

Geography of production assets

33% Aikhal Division Aikhal pipe 12.2 Jubilee pipe mln ct Komsomolskaya pipe

18% Nyurba Division Nyurbinskaya pipe 6.8 6% 94% Botuobinskaya pipe mln ct Alluvial deposits (2)

Arkhangelsk Russian Federation 21% Mirny Division Region Mir pipe 7.8 International pipe mln ct Republic of Sakha Alluvial deposits (3) (Yakutia)

8% Udachny Division Udachny pipe 3.2 Zarnitsa pipe mln ct Alluvial deposits (1)

9% Almazy Anabara 3.4 Share of open-pit mining Alluvial deposits (5) mln ct 51% from 8 mines in 2016 production

Share of underground mining 5% Nizhne-Lenskoe 30% from 4 mines in 2016 production 1.8 Alluvial deposits (4) mln ct ALROSA owns 32.8% 19% Share of alluvial mining of Catoca Ltd (Angola) from 15 alluvial placers in 2016 production • Production 6.7 mln ct 6% Angola Total resources, Severalmaz mln ct • Grade 0.69 ct/t 1,030 including reserves Arkhangelskaya pipe 2.2 Karpinskogo-1 pipe mln ct 653 mln ct Total reserves

17 ALROSA’s diamond pipes vary by average diamond price and grade with underground mines being at the top-end of revenue per ton range

Range of average mined diamond value Range of average mined diamond grade 7.96 $/ct ct/t 5.36 ALROSA 189 total 4.27 3.34 111 126 129 ALROSA 112 total 86 0.98 42 1.01 0.43

Alluvials Open-pit Underground Aikhail Mir International Alluvials Open-pit Underground Mir Aikhail International mining mining underground underground underground mining mining underground underground underground mine mine mine mine mine mine

Value of ton of ore range

International $/t underground mine

Underground ~1,503 mining $/t Mir underground mine ~538 Aikhal $/t underground mine ~432 $/t Open-pit ALROSA mining ~226 total $/t Alluvials ~113 ~37 $/t ~109 $/t $/t

t 18 Cost of underground production per carat is close to open-pit mining due to higher grade at underground mines

• Underground mining cost of production per ton of ore is 5 times higher than open-pit mining cost of production

• Due to the fact that underground mining average grade is higher vs. open-pit mining, underground mining cost of production per carat is close to open-pit mining

Cash cost of production per ton of ore Cash cost of production per carat

Underground Underground mining mining $/t $/ct

~38 ALROSA ALROSA $/ct total ~161 Open-pit total Alluvials $/t mining Open-pit ~36 mining ~36 ~35 ~35 $/ct $/ct Alluvials $/t $/t ~35 $/ct ~15 $/t

t ct

19 ALROSA plans to continue increasing diamond output to over 40 mln ct in the medium term

2016 2017F 2021F

Grade, ct/t 0.98 0.98 1.00 Ore and gravels processed, mln t 38.1 39.9 40.6 Production, mln ct 37.4 39.2 40.4 including Udachny 2.2 3.8 5.7 Severalmaz 2.2 2.4 4.3 Verkhne-Munskoe - - 1.8

Forecasted average grade improved from 0.9 to 1.0 ct/t in 2021 mostly due to increase of expected grade at:

• Nyurba division from 3.2 to 3.9 ct/t resulting from shifting production focus to open-pit mining from alluvial fields with relatively lower average grade; • Verkhne-Munskoe deposit from 0.4 to 0.6 ct/t as resource base is revised; • Zarnitsa open-pit mine from 0.2 to 0.24 ct/t as resources with relatively higher grade are included in projections.

Share of underground mining, % 30% 33% 38%

CAPEX, RUB bn 31.8 36.5 33.3

share of expansion 31% 48% 17%

share of maintenance 69% 52% 83%

20 ALROSA runs long-term operational excellence program which is expected to result in OPEX savings of up to RUB 9 bn annually

Key operational excellence targets

Mining Processing Transport

Administrative costs Organizational structure Maintenance

Production development Energy use Automation

In 2017 - 2026 ALROSA expects to save up to RUB 9 bn annually from further improvement of operating efficiency including as follows:

• steeper mine ramps to cut down on stripping; • road trains to replace mine trucks at the Zarnitsa pipe of Udachny Division; • block caving at Udachny and Aikhal underground mines; • fuel gas and oil to reduce diesel fuel consumption.

21 Economic efficiency of Udachny underground mine will be fostered by block caving mining method

Traditional cut-and-fill mining Block caving method

Mir underground International Aikhal underground Udachny underground mine mine underground mine mine

Production level Backfilled production level

Next production level Next production level

Cut-and-fill mining method at Udachny underground mine would have required more than 330 thousand tons of cement a year (~ RUB 1bn in current prices), which is an equivalent of total cement output in the Republic of Sakha (Yakutia).

22 ALROSA keeps streamlining its operations to focus on diamond mining

Number of subsidiaries

70

39 34 32 20

01.01.2009 01.01.2015 01.01.2016 current state 01.01.2020

Prior to 2017, ALROSA sold 38 non-core assets with Major non-core assets ALROSA total proceeds of RUB 9.2 bn, including: intends to sell, including:

• Timir iron ore project • ALROSA-VGS • Geotransgaz • Irelyakhneft oil project • MAK-Bank • Urengoy Gas Company • ALROSA Insurance • Nikonovka • Viluiskaya-3 HPP Company • M&Diamond • HIDROCHICAPA • Arcos Ltd • Suntarceolit

23 Financial Overview

24 2016 financial performance substantially exceed results of 2015 and 2014

2016 2015 2014

Diamond production 37.4 38.3 36.2 mln ct mln ct mln ct

Diamond sales 40.0 30.0 39.6 mln ct mln ct mln ct

Revenue 317.1 224.5 207.1 RUB bn RUB bn RUB bn

Cost of sales (129.8) (93.2) (99.3) RUB bn RUB bn RUB bn

EBITDA 176.4 118.5 93.9 RUB bn RUB bn RUB bn EBITDA margin: 56% EBITDA margin: 53% EBITDA margin: 45%

Free cash flow 111.4 41.3 42.1 RUB bn RUB bn RUB bn

25 ALROSA’s financial results are impacted by foreign exchange fluctuations

Sensitivity analysis RUB mln

-1 RUB/$ 2016 +1 RUB/$

312,693 317,090 321,487 Revenue received in $ 20%>90% as diamond prices are set in $ (1.39%) +1.39%

(129,417) (129,751) (130,085) 70% Cost of sales are driven by $ <20% as MET is based on $ diamond prices (0.26%) +0.26% <10%

172,354 176,418 180,482 EBITDA >70% linked to $ (2.30%) +2.30%

(31,714) (31,752) (31,790) CAPEX <10% $-denominated (0.12%) +0.12%

26 ALROSA benefits from increased diamond sales revenue due to cancellation of 6.5% export duty on rough diamonds since September 1st, 2016

• In accordance with WTO rules, the Russian Federation cancelled 6.5% export duty on rough diamonds on September 1st, 2016 • Price level for overseas clients has remained unchanged, with ALROSA keeping the duties previously transferred to the budget of the Russian Federation • Price level for domestic clients has been increased by 6.5%

Overseas clients Domestic clients

Before After Before After

Price for client 106.5 0% 106.5 100.0 +6.5% 106.5

ALROSA’s revenue 100.0 +6.5% 106.5 100.0 +6.5% 106.5

Export duty paid 6.5 - - -

27 ALROSA is in the middle of the diamond mining companies’ cost curve

Cash cost of production per ton of ore processed (ALROSA vs. peers) Canadian diamond $/t mining companies 87

72

56 African diamond mining companies

34 35 29

ALROSA 14 15 17

Source: Companies’ data

Cost of sales Breakdown of 2016 production costs RUB mln 34% Wages, salaries and 2016 other staff costs 2016 2015 vs 2015 19% Depreciation

Wages, salaries and other staff costs 43,686 40,253 9% 17% Extraction tax Depreciation 24,668 19,096 29% Extraction tax 22,188 23,323 (5%) Fuel and energy 14,493 17,610 (18%) Materials 13,592 12,098 12% 11% Fuel and energy Services 7,714 5,748 34% Transport 2,215 2,118 5% Other 588 1,568 (63%) Cost of production 129,144 121,814 6% 11% Materials Movement in inventory of diamonds, ores and (156) (29,832) (99%) concentrates 6% Services Cost of diamonds for resale 763 1,258 (39%) 1% Transport Cost of sales 129,751 93,240 39% 1% Other 28 In February 2017 ALROSA repaid $600 mln of bank loans to VTB Bank with cash from operations, reducing debt to $1.7 bln

Loans and borrowings Loans and borrowings breakdown $ mln

Total debt/ 6.1x 2.9x 1.5x 2.0x 2.0x 2.1х 1.9x 0.8x EBITDA

42% Bank loans 58% Eurobonds

3,871 4,127 3,496 3,481 3,130 2,866 3,040 2,320 1,720 100% $-denominated debt

2009 2010 2011 2012 2013 2014 2015 2016 Current state For reference: net debt / EBITDA as of 31 December 2016 0.6x 100% Long-term debt

Maturity profile of loans and borrowings Current state, $ mln

Bank Loans Eurobonds

1,000

720

0 0

2017 2018 2019 2020

29 ALROSA has a track record of strong cash flows and dividend payouts

Operating cash flow, capital expenditures, free cash flow and dividends RUB mln

Dividends per share, RUB EPS, RUB

(2.44) 4.17 17.85

(31,752)

(36,056) (34,241) 143,138 111,386

78,115 75,541

2.09 42,059 1.47 41,300

10,826 15,392

OCF CAPEX FCF Dividends OCF CAPEX FCF Dividends OCF CAPEX FCF 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016

30 Appendix

31 Management team overview

Executive Team Operational Team

Mikhail Lopatinsky Sergey Ivanov Director, Mirny mining and processing division Chief Executive Officer division • Joined the Company in 1992 • Joined the Company in 2017 • Over 23 years of industry experience

• Senior Vice President at (2016‒2017) Mirny CEO • Chairman of the Management Board of SOGAZ (2011‒2016) • Top management positions at Gazprombank (2005‒2011) Alexander Makhrachev

division Director, Udachny mining and processing division • Joined the Company in 1979

• Over 36 years of industry experience Udachny Igor Sobolev First Vice President – Chief Operating Officer Ravil Sanatulov • Joined the Company in 2007

COO Director, Aikhal mining and processing division • Head of Capital construction division, mining & metallurgical • Joined the Company in 1986 directorate, (2000‒2007)

• Over 29 years of industry experience Aikhal divisionAikhal

Vasiliy Kurnev

Director, Nyurba mining and processing division division Igor Kulichik • Joined the Company in 1984

Vice President ‒ Chief Financial Officer • Over 32 years of industry experience Nyurba

CFO • Joined the Company in 2002 • Vice President and CFO of ALROSA since August 2009 Pavel Marinychev CEO Almazy Anabara

Anabara • Joined the Company in 2016 • First deputy Prime Minister of the Republic of Sakha (Yakutia) (2014‒2016)

Almazy • Deputy Prime Minister of the Republic of Sakha (Yakutia) (2010‒2014)

Yuri Okoyomov Vice President for sales Andrey Pismenny CEO Severalmaz Sales • Joined the Company in 1993 • Vice President of ALROSA for marketing and sales since August 2009 • Joined the Company in 1997

• Over 18 years of industry experience Severalmaz • Chief engineer of ALROSA in 2010‒2015

32 Supervisory Board overview (1/2)

1 2 Yegor Borisov 3 Alexander Galushka 4 Petr Alekseev

Finance Minister of the Head of the Republic of Minister for the Development General Director of Russian Federation Sakha (Yakutia) of the Russian Far East Republican Investment Chairman of the Board of First Deputy Chairman of the Deputy Chairman of the Company directors Supervisory Board Supervisory Board

Nominated by: Russian Federation Nominated by: Republic of Sakha (Yakutia) Nominated by: Russian Federation Nominated by: Republic of Sakha (Yakutia)

Previously held positions include: Previously held positions include: Previously held positions include: Previously held positions include: • 2005 – 2011 – Deputy Minister of • 2003 – 2010 – Chairman of the • 2010 – 2012 – President, Co-chairman • 2009 – 2013 – Deputy Head, Head of Finance of the Russian Federation Government of the Republic of Sakha of All-Russian public organisation Department of state and legal affairs in • Since 2011 – Minister of Finance of the (Yakutia) Delovaya Rossiya Presidential Administration and the Russian Federation • 2010 – 2014 – President of the • 2011 – 2012 – member of state Government of the Republic of Sakha Republic of Sakha (Yakutia) commission on the socio-economic (Yakutia) • Since 2014 – Head of the Republic of development of the Far East, the • Since 2013 – General Director of OJSC Sakha (Yakutia) Republic of Buryatia, the Transbaikal Republican Investment Company and Irkutsk regions • 2013 – 2013 – Co-chairman, Central Headquarters of the All-Russian Public Movement People’s Front – For Russia • Since 2013 – Minister for the Development of the Russian Far East 5 6 7 8 Sergey Barsukov Maria Gordon Evgenia Grigorieva Oleg Grinko

Director, Financial Policy Independent director of the Minister of Property and Land Adviser to Director of Department, Ministry of Finance Supervisory Board, Relations of the Republic of investment and external of the Russian Federation AK ALROSA PJSC Sakha (Yakutia) communications, Peresvet- Invest group Independent director of the Supervisory Board, AK ALROSA PJSC

Nominated by: Russian Federation Nominated by: minority shareholders as an Nominated by: Republic of Sakha (Yakutia) Nominated by: Russian Federation as an independent director independent director

Previously held positions include: Previously held positions include: Previously held positions include: Previously held positions include: • 2007 – 2008 – First Deputy General • 1998 – 2010 – Goldman Sachs, • 2007 – 2011 – First Deputy Minister of • Since 2004 – Chairman of the Board of Director, Agency for Housing Mortgage investment activity Property Relations of the Republic of Directors (until 2015), Director for Lending (AHML) • 2010 – 2014 – PIMCO, investment Sakha (Yakutia) Strategic Communications at • 2008 – 2010 – Assistant to Vice activity • Since 2011 – Minister of Property and Sberinvest Asset Management Chairman of the Russian Federation Land Relations of the Republic of • Since 2006 – Adviser to Director of Government – Russian Federation Sakha (Yakutia) investment and external Minister of Finance communications in Peresvet-Invest • Since 2010 – Director, Financial Policy group Department, Ministry of Finance of the 33 Russian Federation Supervisory Board overview (2/2)

9 10 11 12 Galina Danchikova Andrey Zharkov Valentina Lemesheva Vasily Lukin

Deputy at State Duma of the Former President (CEO) of Independent director of the First Deputy Head of the Russian Federation ALROSA Supervisory Board, Municipal District Vilyui Ulus AK ALROSA PJSC (district) of the Republic of Sakha (Yakutia)

Nominated by: Republic of Sakha (Yakutia) Nominated by: Russian Federation Nominated by: Republic of Sakha (Yakutia) Nominated by: Republic of Sakha (Yakutia) as an independent director

Previously held positions include: Previously held positions include: Previously held positions include: Previously held positions include: • 2007 – 2010 – Deputy Chair of the • 2009 – 2010 – Сhief Commercial • 2002 – 2014 – Chair of the State • 2007 – 2011 – Head, Plant Cultivation Government of the Republic of Sakha Officer at Prioksky Non-Ferrous Metals Committee for Pricing Policy – Regional and Procurement Department, Ministry (Yakutia) Plant Energy Commission of the Republic of of Agriculture and Food Policy of the • 2010 – 2016 – Chair of the Government • 2010 – 2015 – Deputy Head of Sakha (Yakutia) Republic of Sakha (Yakutia) of the Republic of Sakha (Yakutia) Gokhran under the Russian Ministry of • 2011 – 2012 - Head, Arable Farming, • Since 2016 – Deputy at State Duma of Finance Melioration and Procurement the Russian Federation • 2015 – 2017 – President (CEO) of Department, Ministry of Agriculture and ALROSA Food Policy of the Republic of Sakha (Yakutia) • Since 2012 – First Deputy Head of the Municipal District Vilyui Ulus (district) of 13 14 15 the Republic of Sakha (Yakutia) Pavel Ulyanov Oleg Fedorov Alexey Chekunkov

Head of Energy Division at Independent director of the General Director of Far East Global Supervisory Board, and Baikal Region Management B.V. AK ALROSA PJSC Development Fund Independent director of the Supervisory Board, AK ALROSA PJSC

Nominated by: Russia Federation as an Nominated by: Russian Federation as an Nominated by: Russian Federation independent director independent director

Previously held positions include: Previously held positions include: Previously held positions include: • Since 2007 – Head of Energy Division • 1999 – 2002 – Executive Committee • 2009 – 2011 – Head of New Nations at RUSAL Global Management B.V. member, SRO NAUFOR Capital Investment Company • 2002 – 2010 – Deputy Head, • 2011 – 2013 – Director, member of the Supervisory Board member, IPA board, member of investment • 2003 – 2009 – Executive Director, committee of the Russian Direct Corporate Finance (IB), UFG/Deutsche Investment Fund Bank Ltd • Since 2014 –General Director of the • 2009 – 2012 – Head, Department of Far East Development Fund Investment and Banking, VTB Capital • 2012 – 2014 – Adviser to the Head of the Federal Agency for State Property 34 Management 2016 operational results

Ore and Revenue Revenue Cash costs Cash costs Diamond sands Grade per ton per per ton per Type of mining production processing (ct/t) of ore, carat, of ore, carat, (‘000 ct) (‘000 t) (RUB) (RUB) (RUB) (RUB)

Aikhal Division 9,950 12,228 1.23 9,593 7,808 2,464 2,006 Jubilee pipe open-pit 8,450 9,231 1.09 9,706 8,885 1,878 1,719 Aikhal underground mine underground 486 2,608 5.36 15,313 2,855 7,882 1,470 Komsomolskaya pipe open-pit 1,014 389 0.38 5,909 15,442 4,752 12,386 Mirny Division 4,818 7,808 1.62 17,943 11,071 4,030 2,487 International underground mine underground 497 3,948 7.96 102,003 12,814 15,896 2,002 Mir underground mine underground 957 3,191 3.34 29,316 8,783 9,805 2,938 Alluvial and technogenic deposits alluvial 3,364 669 0.20 2,325 11,690 635 3,196 Udachny Division 5,837 3,167 0.54 3,964 7,305 2,745 5,058 open-pit 1,519 888 0.59 3,897 6,660 1,562 2,669 Udachnaya underground mine underground 654 1,324 2.02 13,145 6,492 10,450 5,161 Zarnitsa pipe open-pit 2,777 734 0.26 2,659 10,073 1,949 7,384 Alluvial deposits alluvial 887 221 0.25 1,396 5,587 1,581 6,330 Nyurba Division 1,545 6,793 4.40 28,570 6,498 9,772 2,223 Nyurbinskaya pipe open-pit 1,061 5,001 4.71 30,627 6,498 9,772 2,073 Botuobinskaya pipe open-pit 146 684 4.68 30,441 6,498 9,772 2,086 Alluvial deposits alluvial 338 1,108 3.28 21,300 6,498 9,772 2,981 Lomonosov Division (Severalmaz) open-pit 4,015 2,217 0.55 1,764 3,194 1,134 2,054 Almazy Anabara alluvial 5,300 3,421 0.65 2,408 3,730 737 1,147 Nizhne-Lenskoye alluvial 6,606 1,724 0.26 1,957 7,494 955 3,660 ALROSA 38,071 37,358 0.98 7,406 7,547 2,359 2,405 underground 2,594 11,070 4.27 36,487 8,551 10,776 2,524 open-pit 18,982 19,144 1.01 7,657 7,592 2,361 2,341 alluvial 16,495 7,144 0.43 2,543 5,871 1,034 2,388

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