Moscow, July 30, 2019 – ALROSA announces changes in the management of the company.

In the near future, two members of the Executive Committee are leaving the company - Deputy CEO Yury Okoemov, who lately supervised the work of ALROSA's diamond cutting complex, and Head of the Legal Department Alexander Matveev. These decisions were made by mutual agreement of the parties. Yury Okoemov and Alexander Matveev have commendations of the Finance minister of the Russian Federation for their significant contribution to the development of the diamond industry and for many years of conscientious work. The diamond cutting complex will thereafter subordinate directly to Sergey Ivanov, CEO of ALROSA, and Konstantin Mashinsky, Deputy CEO of ALROSA, will supervise the work of the Legal Department.

In mid-July, Alexander Terentiev, Advisor to CEO and Head of ALROSA's office in Yakutsk, left the company. Alexander Terentiev moved to a new job - he took the position of First Deputy Head of the Committee for Precious Metals and Precious Stones of Yakutia. As previously reported, ALROSA's representative office in Yakutsk will be restructured in order to eliminate duplication of functions and excessive document flow. The Supervisory Board of ALROSA took that decision in June. Instead of representative office, the company plans to create a Department for Government Relations, which will be subordinate to Alexey Dyachkovsky, Deputy CEO of ALROSA.

Sergey Ivanov, CEO of ALROSA:

"For many years of work in the company, Yury Okoemov, Alexander Matveev and Alexander Terentiev have shown themselves to be true professionals, who contributed a lot to the company's leading position in the global market, helped to strengthen its reputation and protect interests in the legal field. They won recognition and sincere respect of colleagues, as well as customers and partners of the company. On behalf of the whole ALROSA team and on my own behalf, I would like to thank them for their dedicated work and contribution to the development of our company and the entire diamond industry. And, of course, I would like to wish them every success in the future."

In addition, new appointments have occurred in the company. Sergey Imangulov, who have worked in ALROSA for over 22 years, was appointed the company's chief ore enrichment specialist. Prior to his appointment, Sergey Imangulov led the integrated enrichment department at Yakutniproalmaz Institute. Alla Popova, who previously was responsible for the corporate youth policy and career guidance, became the Director of ALROSA's personnel training center.

Reference:

Yury Okoemov has held senior positions in various divisions of ALROSA since 1993. From 2009 to 2018, he served as Vice President, and from 2018, as Deputy CEO of ALROSA. During the difficult post-crisis period for the company, under his leadership, ALROSA's new marketing policy built on long-term relationships with financially and professionally wealthy market participants was developed. With his active participation, regulatory requirements governing the sale of rough diamonds in the Russian Federation, customs control procedures for the organization of on-site auctions, sorting processes and pre-sale preparation of diamonds were improved. Yury Okoemov was among the initiators of new high-tech technologies introduction in the field of rough diamonds sorting and evaluating, he contributed to the ALROSA program of technical modernization and the launch of new, significantly more productive and efficient diamond sorting machines by weight. Over the years of his work, Yury Okoemov was repeatedly awarded with honorary titles, diplomas and other awards, including those from the Government of the Republic of Sakha (Yakutia).

Alexander Matveev headed the Legal Department of ALROSA in 2009. With his direct involvement and under his control, the company managed to achieve positive results in some litigations, including the international arbitration courts. Alexander Matveev participated in the development of the ALROSA Group Long-Term Development Program for 2018-2024, he also participated in the preparation of many draft legal acts of the Russian Federation regulating the activities of the diamond mining industry, and took part in the relevant working groups under the Ministry of Finance of the Russian Federation.

Alexander Terentiev took charge of ALROSA's representative office in Yakutsk in 2011. In 2017-2018, he served as Vice President responsible for Cooperation with Regional Government Authorities and Social Infrastructure. In 2018, he was appointed as Advisor to CEO of ALROSA. He made a great contribution to building an effective dialogue with state authorities of Yakutia, strengthening the company's image in the region and solving many social issues.

Sergey Imangulov joined ALROSA in 1996 as equipment technician on duty at the processing facility in Aikhal. He also supervised the enrichment site, worked as deputy chief engineer of the processing facility and deputy chief enricher at the Aikhal mining and processing division. In 2012, he moved to Yakutniproalmaz Institute. His total work experience in ALROSA is more than 22 years. Sergey Imangulov replaced Vladimir Karnatsky as chief ore enrichment specialist.

Alla Popova joined ALROSA in 2016 as a consultant to the personnel training center. In 2018, she was promoted to the head of the corporate youth policy and carrier guidance department of the personnel training center. Before moving to ALROSA, Alla Popova was the Deputy Minister of Social Development and Labor of the Astrakhan Region.