MOSCOW, 11 August, 2004 — 13 September 2004, RUSAL paid the fourth coupon on its first rouble bond issue. Coupon on each bond with par value of 1,000 roubles equalled 60.49 roubles. Overall coupon payment totalled 181,470,000 roubles.

Citibank acts as paying agent.

For Russian Press

Vera Kurochkina
Elena Shanina
Press-center@rusal.ru

For International Press

Zhenia Harrison
zharrison@rusal.ru