MOSCOW, July 21, 2003 - RUSAL, the world’s second largest aluminium company, announced today that its Samara Metallurgical Plant (RUSAL Samara) has received ISO 14001 environmental management system certification.

The certificate is a voluntary, internationally recognized standard. It confirms that all stages of the production process at the plant from projection to utilization meet statutory environmental requirements. Det Norske Veritas (DNV) of Norway, an independent registrar organization, carried out the assessments.

Commenting on the achievement, RUSAL’s Production Director, Valery Matvienko said, “Bringing our production facilities into compliance with international environmental requirements is one of our major focuses, and RUSAL Samara’s certification is another important step in that direction. Our consistent environmental policy will help us get all our key plants ISO 14001 certified by mid 2004.”

RUSAL’s ROSTAR beverage can plant, Sayanogorsk Aluminium Smelter, RUSAL SAYANAL (formerly Sayansk Foil Mill) and Dmitrov Metallurgical Plant have all previously received ISO 14001 environmental certification. RUSAL is currently preparing all of its production units for ISO 14 001 certification.

ABOUT SAMARA METALLURGICAL PLANT
Samara Metallurgical Plant (RUSAL Samara) is the biggest Russian producer and exporter of aluminium semi products and accounts for 40% of Russia’s production. The plant was built in Samara in the Volga River region in 1960. The plant’s current rated capacity is 450,000 tons a year. RUSAL holds 96% of RUSAL Samara. The plant is certified as being ISO 9002:1994 compliant.

ABOUT RUSAL
RUSAL is the second largest primary aluminium producer in the world, formed in March 2000 from the merger of a number of the largest smelters and other aluminium producers located in the CIS. The Company accounts for 75% of Russia's primary aluminium output and 10% of the global primary aluminium output. RUSAL is a fully vertically integrated company with a complete production cycle from bauxite mining and the production of raw materials, to the production of primary metal, semi-products and aluminium-based end products. RUSAL is headquartered in Moscow.

FOR ADDITIONAL INFORMATION:

Please visit: www.rusal.com or contact:

Eugenia Harrison, Moscow, + 7 095 720 5170; zharrison@rusal.ru