EN+ UPDATE ON THE DELISTING OF ITS GDRS FROM MOEX

EN+ GROUP ANNOUNCES AN UPDATE ON THE DELISTING OF ITS GDRS FROM MOEX

6 April 2020 - EN+ GROUP IPJSC (the "Company") (LSE: ENPL; MOEX: ENPL; MOEX: ENPG), announces an update on the delisting of the global depositary receipts representing ordinary shares in the Company from MOEX.

Further to the Company's announcement on 17 February 2020, holders of Regulation S global depositary receipts (ISIN: US29355E2081) (the "GDRs") representing ordinary shares in the Company (the "Ordinary Shares") are reminded that the GDRs will be delisted from the Moscow Exchange ("MOEX") with effect from 20 April 2020, with 17 April 2020 being the last trading date for the GDRs on MOEX.

Holders of the GDRs can find additional information on the process for conversion of GDRs into the Ordinary Shares through the following link. Alternatively, they may contact the Company's depositary bank via the details indicated below.

Following the delisting of the GDRs from MOEX, GDR holders will be able to continue to trade the GDRs on the London Stock Exchange (LSE: ENPL). The Ordinary Shares will also continue to trade on the "Level 1" part of the list of securities admitted to trading on MOEX.

Holders of the GDRs and prospective investors are advised to consult with their legal, financial, tax and strategic advisers regarding the above.

For further information, please contact:

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This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.