Alum Sa · BVB:BBGA

Alum Sa — Shareholder Meeting (April 2015)

5 slides from Alum Sa's shareholder meeting presentation, April 2015

1. Slide 1: Budget Presentation - Alum 2015

   BUDGET PRESENTATION - ALUM 2015 As of April, 2015

2. Slide 2: Content

   Content: 1. Targets for 2015 2. Revenues and expenses budget for 2015

3. Slide 3: 1. Targets for 2015

   1. Targets for 2015 Production of 401,473 tons of calcined alumina Sales of 371.538 tons of calcined alumina to Alro, 30.000 tons of calcined alumina and 50.000 tone aluminum hydroxide to other clients; Achieving sales revenues in amount of 169 million usd; Positive result in amount of 5,9 milli

4. Slide 4: 1. Targets for 2015 - sales

   1. Targets for 2015 - sales Budget 2015 to % Calcined alumina Alro 371.538 86% Calcined alumina other dients 30.000 Th Aluminum hydroxide (equiv. alumina) 30.303 % Total vanzari 431.841 100% Aluminun Budget 2015 hydroxide (equiv. alumina); 7% Calcined alumina other clients; 7% Calcined alumina Alro;

5. Slide 5: 2. Revenues and expenses budget for 2015

   2. Revenues and expenses budget for 2015 Proje cte d Income State me nt for 2015 um Actual 2014 Budge t 2015 EXCHANGE RATE ron/us d 3,349 3,600 Production tons 362.627 428.357 Ope rational activity : Re ve nue s from product s ale s 159.228.389 169.266.381 Ope rational e xpe nditure s : us d 161.087

Alum — Shareholder Meeting (April 2015) on 6ix