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 ALROSA is a diamond company delivering robust financial performance and substantial payouts to shareholders

Financial results summary • ALROSA is a diamond mining company with a 34% free- 2016, $ mln float listed on the Exchange whose TSR after public offer of shares in 2013 exceeds market 5 000 4,688 benchmarks 4 000

• ALROSA’s investment case is underlying by significant 3 000 2,598 1,923 dividend payouts to shareholders supported by positive 2 000 1,594 free cash flow 1,113 1 000

• As of December 2017, Bloomberg consensus for 2017 0 results is that ALROSA’s shares offer double-digit FCF Revenue EBITDA Net income Free Cash Dividends Flow yield and high-single digit dividend yield

Shareholder structure TSR since 2013 as of December 2017

33% The Russian Federation

25% The Republic of (Yakutia) 38%

8% Yakutian municipal districts (5%) (13%) 34% Free float ALROSA MSCI Index FTSE All-Share Mining Index

Sources: Company’s analysis, Bloomberg 3 Rough diamond production is dominated by few mining companies with the highest margins across diamond pipeline, where ALROSA benefits from leading market share of 28%

Diamond pipeline structure World diamond production

Players Margins

28% ALROSA Top 5 players Rough diamond control ~ 70% 27‒28% 20% production of the market

13% Rio Tinto Sales of rough from ~ 100 players 1‒4% major producers 6% DDC 5% Catoca 28% Other Cutting & polishing ~ 5,000 players 1‒4% Sources: Company’s analysis, Kimberley Process statistics of diamonds

Diamond jewelry manufacturing > 10,000 players 2‒4%

Major retailers Retail sales of control ~ 35% 3‒11% diamond jewelry of the market

Source: AWDC Bain report “The Global Diamond Industry 2017”

4 Diamond market grew 2-4% over recent years driven by demand for diamond jewelry

World diamond jewelry sales grew 4% annually since 2010 Rough diamond sales follow trend of demand for diamond diamond jewelry market, $ bn jewelry and are influenced by midstream inventories sales of rough diamonds, $ bn

+4% CAGR +2% CAGR

100 20

15

50 10

5

0 0 2010 2011 2012 2013 2014 2015 2016 2017F 2010 2011 2012 2013 2014 2015 2016 2017F ALROSA Other producers Source: Company’s analysis Sources: AWDC Bain report “The Global Diamond Industry 2017”, Company’s analysis

Midstream inventories are at normal levels over recent years Rough diamond prices increased in line with market over last years midstream inventory surplus, $ bn end of period price index for ALROSA rough diamonds, 31.12.2009=100

+4% CAGR 5 200 177 Stable inventory due 153 Inventory decline due 142 143 131 133 to decreased rough to increased rough 122 130 diamond sales by diamond sales back 3 100 mining companies to normal levels 100

0 0 2013 2014 2015 2016 2017F 2009 2010 2011 2012 2013 2014 2015 2016 2017

Source: AWDC Bain report “The Global Diamond Industry 2017” Source: Company’s analysis

5 Demand for diamond jewelry is expected to grow 1-4% annually driven by consumption in the US, China and India. Demand for natural diamonds is supported by DPA activities

World diamond jewelry demand, optimistic scenario World diamond jewelry demand, base case scenario $ bn $ bn CAGR 2016–2030F CAGR 2016–2030F

Total 4% Total 1%

100 100 Other 4%

Other 1% India 7% China 4% India 3% 50 50 China 2%

US 4% US 1%

0 0 2016 2021F 2026F 2030F 2016 2021F 2026F 2030F

Source: AWDC Bain report “The Global Diamond Industry 2017” Source: AWDC Bain report “The Global Diamond Industry 2017”

• Major diamond mining companies established Diamond Producers Association (DPA) in 2015 to promote consumer demand for diamonds • Generic marketing campaign with a tagline “Real is Rare. Real is a Diamond” was first launched by DPA in the US in 2016 and in India in 2017, DPA’s budget for 2017 is $59 mln • DPA’s activities in 2018 will continue in the US and expand to China, India and Europe

6 Supply of diamonds is constrained by lack and complexity of new diamond discoveries and significant time required to ramp-up production

World diamond production seems to have passed its peak in 2017 mln ct

150 Mir Argyle Diavik 150

Renard

125 Grib

115 Gahcho Kue

800 2014 2017F 2020F 2023F 2027F 2030F

Discovery and development of new pipes are much No less than 4 years is required to ramp-up full scale more challenging now production on a diamond mine Discovery-to-production period, years

Host rocks Sandstones Kimberlite pipes Development process Aikhal Botuobinskaya + International Nyurbinskaya dewatering Jubilee Mayskaya Development process I II III 9 9 m 7 60 m 80 m 70 m 6 6 6 4 4

1954- 1960 1969 1974- 1994 1996 2006 Diavik Ekati Argyle Nyurbinskaya Catoca Finsch Orapa 1956 1975 Year of discovery Source: Company’s analysis 7 ALROSA’s diamond production is mainly located in Far East region of Russia and is diversified between different mines and deposits

Geography of production assets

33% Aikhal Division 13.0 Aikhal pipe mln ct Jubilee pipe Komsomolskaya pipe

19% Nyurba Division 7% 93% 7.7 Nyurbinskaya pipe mln ct Botuobinskaya pipe Alluvial deposits Arkhangelsk Region Russian Federation 18% Mirny Division Republic of Sakha 7.2 Mir pipe (Yakutia) mln ct International pipe Alluvial deposits

Udachny Division 10% Udachny pipe 3.8 Zarnitsa pipe mln ct Zapolyarnaya Pipe (Verkhne-Munskoye deposit) Share of open-pit mining Alluvial deposits 53% from 9 mines in 2017

13% Almazy Anabara & 5.2 Share of underground mining Nizhne-Lenskoye 27% mln ct from 4 mines in 2017 Alluvial deposits 20% Share of alluvial mining from alluvial deposits in 2017 ALROSA owns 32.8% of Catoca Ltd (Angola) Severalmaz Angola Total resources, 7% 1,030 mln ct 2.6 including reserves Arkhangelskaya pipe mln ct Karpinskogo-1 pipe 653 mln ct Total reserves

Note: percentage and absolute figures indicate the share of division in 2017 ALROSA diamond production 8 ALROSA’s medium-term production target is 36-38 mln carats annually grading in ~ 1.0 carat per ton range, CAPEX is expected to decrease down to RUB 26-28 bn due to completion of major expansion projects

ALROSA’s diamond production mln ct

39.6 38.3 38.2 38.2 36.9 37.4 1.6 36.6 36.2 1.8 1.8 Verkhne-Munskoye 2.0 1.3 2.6 1.6 3.9 5.7 2.2 5.7 Udachny UG mine 3.3 9.0 3.8 4.2 9.4 Severalmaz 9.1 10.2 9.2 8.2 Jubilee pipe 5.9 5.4 2.2 2.2 Mir UG mine 1.5 2.8 3.2 Other

2013 2014 2015 2016 2017 2018F 2019F 2020F

Note: detailed ALROSA’s production plan is disclosed in the Appendix (slide 20) ALROSA’s capital expenditure RUB bn

2013 2014 2015 2016 2017F 2018F 2019F 2020F

CAPEX, including 38.2 36.1 34.2 31.8 30.1 31.6 26.4 28.0 major expansion projects: 11.7 10.5 8.6 8.4 7.4 11.5 3.7 4.3 Verkhne-Munskoye deposit - - 0.5 3.3 4.2 9.2 1.4 1.7 Udachny underground mine 6.6 7.9 6.5 5.1 3.2 2.1 1.7 2.6 Severalmaz 5.1 2.6 1.5 - - 0.2 0.7 -

9 Management team is fully committed to deliver on ALROSA’s development plans

Executive Team Operational Team

Alexey Kovalenko Sergey Ivanov Director, Mirny mining and processing division Chief Executive Officer division • Joined the Company in 1996

• Joined the Company in 2017 • Over 20 years of industry experience Mirny

CEO • Senior Vice President at (2016‒2017) • 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 38 years of industry experience Udachny Igor Sobolev First Deputy CEO – Chief Operating Officer Ravil Sanatulov • Joined the Company in 2007 Director, Aikhal mining and processing division COO • Head of Capital construction division, mining & metallurgical directorate • Joined the Company in 1986 at (2000‒2007)

• Over 30 years of industry experience Aikhal divisionAikhal

Vasiliy Kurnev Director, Nyurba mining and processing division

Alexey Philippovskiy division Deputy CEO – Chief Financial Officer • Joined the Company in 1984

• Joined the Company in 2017 • Over 33 years of industry experience Nyurba

CFO • CFO of Siberian Generating Company (2015–2017) • CFO of Sibur (2004–2013) • Consultant at McKinsey & Co. (2001-2004) 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 Deputy CEO for Sales Andrey Pismenny

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

• Over 20 years of industry experience Severalmaz • Chief engineer of ALROSA in 2010‒2015

10 ALROSA’s sales are driven by gem-quality diamonds sold in parcels based on gemological characteristics

Share of gem-quality diamonds in... 8,013 classification positions production sales

26 sizes

Gem-quality diamonds ~70% 16 shapes (˃1.5 mm) ~98% 5 clarity categories Non-gem quality 34 colours diamonds (≤1.5 mm)

204 rough diamond boxes

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

11 ALROSA has a diverse distribution platform based on long-term agreements with its clients

Currently ALROSA has 65 clients under long-term contracts, which accounted for 77% in 2017 rough diamond sales rough diamond sales channel breakdown 77% Long-term contracts

7% Spot sales

16% Tenders

ALROSA sells rough diamonds to world major diamond trading and polishing centers geography of sales 51% Belgium

16% India

10% Israel

10% Russia

7% UAE

4% China

2% Other

12 ALROSA’s EBITDA margin is at 50’s, FCF is positive, management is committed to control costs

Financial results summary RUB bn, unless otherwise stated • ALROSA’s revenue is supported by sales of rough 9M2017 9M2016 2016 2015 FX diamonds from accumulated inventories Production, mln ct 29.5 27.9 37.4 38.3 Sales, mln ct 31.8 30.0 40.0 30.0 Sales above/(below) production, mln ct • Revenue is exposed to RUB/USD as diamond prices are 2.3 2.1 2.6 (8.3) Revenue 214.5 255.6 317.1 224.5 set in USD, major parts of OPEX and CAPEX are linked COGS (86.7) (80.0) (105.1) (74.1) to RUB, financial costs are naturally hedged as borrowing SG&A (11.1) (11.2) (15.6) (12.9) currency is mostly USD Other operating income/(expenses), net (16.7) (14.4) (20.0) (19.0) EBITDA 100.0 150.0 176.4 118.5 • Costs are competitive against industry, management is EBITDA margin 47% 59% 56% 53% Net profit 61.9 117.0 133.5 32.2 committed to keep costs below inflation in Russia ОСF 80.3 126.0 143.2 75.5 (low single-digit number) due to focus on internal Capex (18.4) (21.9) (31.8) (34.2) efficiencies Free cash flow 61.9 104.1 111.4 41.3 Note: degree of FX exposure ( low / medium / high) based on Company`s estimates

ALROSA cash cost per carat vs industry Production expenses breakdown $/ct as of 9M 2017 43% Wages, salaries and 90 Canadian other staff costs companies 22% Extraction tax

13% Materials

ALROSA 4543 African 12% Fuel and energy companies

7% Services

2% Transport 0 1% Other Source: Company’s analysis 13 ALROSA runs operational excellence program which has already resulted in RUB 6.5 bn of efficiencies in 2017

Operational excellence program includes dozens of initiatives

Mining Ore beneficiation Transport

Administrative costs Organizational structure Maintenance

Production development Energy use Automation

Efficiencies achieved in 2017 amounted to RUB 6.5 bn

• RUB 5.0 bn as a result of introducing dense-medium modules at Udachny’s and Aikhal’s processing plants, which ensured higher diamond extraction and integrity at the early stages of ore processing

• RUB 1.0 bn as a result of capping labour resources in ALROSA's construction and geological exploration operations, with the headcount reduced accordingly

• RUB 0.5 bn as a result of other initiatives, including the replacement of supersize mine trucks with road trains to transport ore from Udachny Division's Zarnitsa pit

14 Economic efficiency of underground mining is 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 1 bn in current prices), which is an equivalent of total cement output in the Republic of Sakha (Yakutia).

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

Range of average mined diamond grade

6.85 ct/t 6.42

• Underground mining cost of production per ton of ore is ALROSA higher than open-pit mining cost of production total

0.94 • Due to the fact that underground mining average grade is also higher vs. open-pit mining, underground mining

cost of production per carat is close to open-pit mining 1.02 0.40

Alluvials Open-pit mines Aikhal International underground underground mine mine

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

International $/ct $/t UG mine ALROSA total Open-pit mines International Aikhal UG mine Alluvials UG mine ~281 ~43 Open-pit mines ALROSA ~42 total ~41 ~160 ~40 ~43 Aikhal UG mine Alluvials ~40

~25 ~16

t ct 16 ALROSA’s liquidity improved significantly over recent years with leverage below 1.0x and comfortable debt-maturity profile

Loans and borrowings Loans and borrowings breakdown $ mln as of 30 September 2017, $ mln

Total debt/ 6.1x 2.9x 1.5x 2.0x 2.0x 2.1х 1.9x 0.8x 0.9х EBITDA

49% Bank loans 51% Borrowings (including Eurobonds)

4,217 3,881 4,025 3,329 3,496 2,952 3,057 2,344 1,956 88% US dollar-denominated debt 12% RUB-denominated debt

2009 2010 2011 2012 2013 2014 2015 2016 30.09.2017

Net debt / EBITDA as of 30 September 2017 0.7x 89% Long-term debt 11% Short-term debt

Maturity profile of loans and borrowings as of 30 September 2017, $ mln

Bank loans Borrowings (including Eurobonds)

1,010

720

211

14 0.5 0.3

2017 2018 2019 2020 2021 2022

17 ALROSA’s dividend policy is to distribute not less than 35% of net profit as dividends, over last years payout ratio was 50% of net profit driven by robust free cash flow

Operating cash flow, capital expenditures, free cash flow, net income attributable to shareholders and dividends RUB bn RUB per share

2013 2014

(36.1) 5.71 4.26 (38.2) 78.1 53.5 2.09 1.47 30.9 42.1 1.47 15.4 2.44 10.8 10.8 (17.9) Operating cash CAPEX FCF Net income Dividends Operating cash CAPEX FCF Net income Dividends flow attributable to flow attributable to shareholders shareholders

2015 2016

17.85 (31.8) 15.12

(34.2) 5.61 8.93 4.17 143.2 131.4 75.5 111.4 2.09 41.3 65.8 30.7 15.4

Operating cash CAPEX FCF Net income Dividends Operating cash CAPEX FCF Net income Dividends flow attributable to flow attributable to shareholders shareholders

18 Appendix

• Production forecast • Environmental and social responsibility • Supervisory Board overview

19 ALROSA’s production forecast

Price Cash costs Type of mining Grade, ct/t Diamond production forecast, ‘000 ct per carat, $ per carat, $

as of 9M 2017 2017 2018F 2019F 2020F Aikhal Division Jubilee pipe open-pit 1.26 139 27 10,160 8,207 5,885 5,410 Aikhal underground mine underground 6.42 47 25 2,480 2,723 2,725 2,708 Komsomolskaya pipe open-pit 0.36 233 186 370 370 352 421 Zaria pipe open-pit 0.28 244 234 - - 13 75 Mirny Division International underground mine underground 6.85 206 41 3,699 3,693 3,874 3,829 Mir underground mine underground 3.68 127 47 2,772 - - - Alluvial and technogenic deposits alluvial 0.19 204 69 760 692 886 885 Udachny Division open-pit 0.77 88 37 1,046 - - - Udachny underground mine underground 1.78 101 81 1,615 3,872 5 695 5,673 Zarnitsa pipe open-pit 0.30 162 101 786 995 711 843 Verkhne-Munskoe deposit open-pit 0.63 126 98 80 175 1,804 1,827 Alluvial deposits alluvial 0.28 87 88 295 246 115 - Nyurba Division Nyurbinskaya pipe open-pit 4.91 98 37 4,774 4,195 3,780 3,365 Botuobinskaya pipe open-pit 6.12 98 30 1,211 1,100 2,139 1,866 Alluvial deposits alluvial 1.92 98 52 1,728 2,056 1,402 2,151 Severalmaz Arkhangelskaya pipe open-pit 0.66 52 30 1,283 1,503 2,135 2,336 Karpinskogo-1 pipe open-pit 0.94 53 30 1,359 1,817 1,688 1,862 Almazy Anabara alluvial 0.40 72 31 5,197 4,977 4,973 4,999 ALROSA 0.94 113 43 39,614 36,620 38,176 38,250 underground 4.08 112 46 10,566 10,288 12,294 12,210 open-pit 1.02 141 42 21,069 18,361 18,506 18,005 alluvials 0.40 87 40 7,979 7,971 7,376 8,035

20 ALROSA’s low environmental impact, as well as efficient information disclosure are acknowledged by ESG ratings

3rd place (out of 33) in the “First rating of environmental performance of mining companies in Russia” (held by the WWF and the Ministry of Natural Resources and Environment of Russian Federation) Rated among top-10 Russian companies with transparent corporate reporting according to Transparency International-Russia research

Water intake Area of annually disturbed land LTIFR mln m3 ha number of lost time injuries per 1 mln hours worked

(26%) (62%) (47%) 15.2 0.19 11.3 2,853

0.10 1,080

2012 2016 2012 2016 2012 2016

21 Supervisory Board overview (1/2)

1 2 Yegor Borisov 3 Alexander Galushka 4 Sergey Barsukov

Finance Minister of the Head of the Republic of Minister for the Development Deputy CEO of ALROSA Russian Federation Sakha (Yakutia) of the Russian Far East Chairman of the Board of First Deputy Chairman of the Deputy Chairman of the Directors, ALROSA Supervisory Board, ALROSA Supervisory Board, ALROSA

Nominated by: the Russian Federation Nominated by: the Republic of Sakha Nominated by: the Russian Federation Nominated by: the Russian Federation (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 of • 2007-2008 – First Deputy General Finance of the Russian Federation Government of the Republic of Sakha All-Russian public organisation Director, Agency for Housing Mortgage • Since 2011 – Minister of Finance of the (Yakutia) Delovaya Rossiya Lending (AHML) Russian Federation • 2010-2014 – President of the Republic • 2011-2012 – member of state • 2008-2010 – Assistant to Vice of Sakha (Yakutia) commission on the socio-economic Chairman of the Russian Federation • Since 2014 – Head of the Republic of development of the Far East, the Government – Russian Federation Sakha (Yakutia) Republic of Buryatia, the Transbaikal Minister of Finance and Irkutsk regions • 2010-2017 – Director, Financial Policy • 2013-2013 – Co-chairman, Central Department, Ministry of Finance of the Headquarters of the All-Russian Public Russian Federation Movement People’s Front – For Russia • Since 2017 – Vice-President of • Since 2013 – Minister for the ALROSA Development of the Russian Far East

5 6 7 8 Georgy Basharin Maria Gordon Evgenia Grigorieva Galina Danchikova

Deputy Head of Mirninsky Independent director of the Minister of Property and Land Deputy at State Duma of the Municipal District Administration Supervisory Board, Relations of the Republic of Russian Federation of the Republic of Sakha ALROSA Sakha (Yakutia) (Yakutia)

Nominated by: Municipal Districts of the Nominated by: minority shareholders as an Nominated by: the Republic of Sakha Nominated by: the Republic of Sakha Republic of Sakha (Yakutia) independent director (Yakutia) (Yakutia)

Previously held positions include: Previously held positions include: Previously held positions include: Previously held positions include: • Since 2008 – Deputy Head of Mirninsky • 1998-2010 – Goldman Sachs, • 2007-2011 – First Deputy Minister of • 2007-2010 – Deputy Chair of the Municipal District Administration of the investment activity Property Relations of the Republic of Government of the Republic of Sakha Republic of Sakha (Yakutia) • 2010-2014 – PIMCO, investment Sakha (Yakutia) (Yakutia) activity • Since 2011 – Minister of Property and • 2010-2016 – Chair of the Government • Since 2015 – Independent director of Land Relations of the Republic of of the Republic of Sakha (Yakutia) the Supervisory Board of ALROSA Sakha (Yakutia) • Since 2016 – Deputy at State Duma of the Russian Federation

22 Supervisory Board overview (2/2)

9 10 11 12 Kirill Dmitriev Sergey Ivanov Dmitry Konov Valentina Lemesheva

CEO of Russian Direct Chief Executive Officer of Member of the Board of Independent director of the Investment Fund ALROSA Directors, Chairman of the Supervisory Board, Management Board ALROSA at SIBUR Holding

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

Previously held positions include: Previously held positions include: Previously held positions include: Previously held positions include: • 2007-2011 – Development Director, • 2011-2016 – Chairman of the • 2011-2016 – CEO of SIBUR • 2002-2014 – Chair of the State President of Icon Private Equity Limited Management Board of AO SOGAZ • Since 2007 – Member of the Board of Committee for Pricing Policy – Regional Representative Office • 2016-2017 – Senior Vice President, Directors, Chairman of the Management Energy Commission of the Republic of • Since 2011 – CEO of Russian Direct Head of Wealth Management at Board (since 2009) at SIBUR Holding Sakha (Yakutia) Investment Fund Sberbank of Russia • Since 2015 – Independent director of • Since 2017 – President (CEO) of the Supervisory Board of ALROSA ALROSA

14 15 13 Sergey Mestnikov Oleg Fedorov Alexey Chekunkov

CEO of Trust Fund for Independent director of the CEO of Far East and Baikal Future Generations of the Supervisory Board, Region Development Fund Republic of Sakha (Yakutia) ALROSA

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

Previously held positions include: Previously held positions include: Previously held positions include: • 2010-2012 – Deputy Head, Head, • 1999-2002 – Executive Committee • 2009-2011 – Head of New Nations Secretariat of Chairman of the Government member, SRO NAUFOR Capital Investment Company of the Republic of Sakha (Yakutia) • 2002-2010 – Deputy Head, Supervisory • 2011-2013 – Director, member of the • 2012-2016 – First Deputy Minister of Board member, IPA board, member of investment Property and Land Relations of the • 2003-2009 – Executive Director, committee of the Russian Direct Republic of Sakha (Yakutia) Corporate Finance (IB), UFG/Deutsche Investment Fund • Since 2016 – CEO of Trust Fund for Future Bank Ltd • Since 2014 – General Director of the Generations of the Republic of Sakha • 2009-2012 – Head, Department of Far East Development Fund (Yakutia) Investment and Banking, VTB Capital • 2012-2014 – Adviser to the Head of the Federal Agency for State Property Management • Since 2013 – Independent director of the Supervisory Board of ALROSA 23 Thank you!

24 Ozerkovskaya emb. Tel. +7 495 745 58 72 Moscow 115184 IR@.ru Russia 24