NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

PJSC "ALROSA" (MOEX: ALRS) ("Company") informs that the issue of replacement bonds series ZO27-D (ISIN RU000A108TV3) ("Replacement Bonds") – Russian bonds replacing US$500,000,000 3.1% notes due 2027 (ISIN XS2010030919 (Reg S); US02109TAE29 (144A)) issued by Alrosa Finance S.A. and guaranteed by the Company ("Notes") was completed.

The Replacement Bonds were issued pursuant to Executive Order of the President of the Russian Federation No. 430 dated 5 July 2022 "On repatriation by residents participating in foreign economic activity of foreign currency and Russian Federation currency."

The terms of the Replacement Bonds are similar to the ones of the Notes, i.e. the Replacement Bonds have the same nominal value, bear the same coupon rate which is payable according to the payment schedule set for the Notes. Coupon payments on the Replacement Bonds will be made in Russian roubles at the exchange rate of the Bank of Russia on the date of the respective payment.

Following the successful replacement of the Notes in the amount of USD 198,416,000, there are the Notes in the amount of USD 301,584,000 remaining in circulation.

The Company will continue to make payments to the holders of the Notes who did not participate in the exchange in accordance with applicable Russian law.

We appreciate the participation and cooperation of our Noteholders in this important process. For further details or inquiries, please contact the Company by email at IR@alrosa.ru.