Replacement - Board Changes

The following RNS replaces RNS 0558D announced on 23 April 2013, amending the title of Gerhard Ammann.

24 April 2013

Eurasian Natural Resources Corporation PLC

Board Changes

London - The Board of Directors (the 'Board') of Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group') today announces that it has appointed Mr Gerhard Ammann as Acting Chairman with immediate effect. The appointment follows the decision of Mr Mehmet Dalman to step down. Mr Ammann will retain the executive responsibilities previously held by Mr Dalman.

Mr Gerhard Ammann has been an independent non-executive Director of the Group for more than five years and currently chairs the Investment Committee, as well as sitting on the Health, Safety, Environment and Community Committee.

Prior to joining the Board of ENRC Mr Ammann was Chairman and Chief Executive Officer of Deloitte in Switzerland and has over 30 years of experience as an auditor of international companies, primarily in banking, finance and international trade.

In addition, Professor Dieter Ameling and Sir Paul Judge will not be standing for re-election as Directors of the Group at the Annual General Meeting on 5 June 2013.

Gerhard Ammann, Acting Chairman of ENRC said: "I would like to express the Group's thanks to Mehmet Dalman, who has been one of our longest standing Directors. Prior to becoming Chairman of the Group, Mehmet oversaw all of the Group's acquisitions as Chairman of the Mergers and Acquisitions Committee. His initiatives to improve corporate governance have established a foundation on which we can build in the weeks and months ahead. I would also like to express gratitude to Dieter Ameling and Paul Judge for their contributions to the Group during their tenures. I have a clear mandate from the Board. My role is to work efficiently with internal and external stakeholders to draw a line under the past, allowing the true potential of the Group's excellent asset base to be realised and contribute to a more appropriate valuation."

Mr Mehmet Dalman said: "I believe I have achieved all that I can as Chairman of ENRC and it is therefore appropriate to hand over the reins to new leadership. I am confident that the interests of the minority shareholders will be well served by strong non-executive Directors."

Mr Ammann's appointment will be submitted to shareholders for approval at the Group's AGM on 5 June 2013.

- ENDS -

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About ENRC

ENRC is a leading diversified natural resources group, performing integrated mining, processing, energy, logistics and marketing operations. The operations comprise: the mining and processing of chrome, manganese and iron ore; the smelting of ferroalloys; the production of iron ore concentrate and pellet; the mining and processing of bauxite for the extraction of alumina and the production of aluminium; the production of copper and cobalt; coal extraction and electricity generation; and the transportation and sales of the Group's products. The Group's production assets are largely located in the Republic of Kazakhstan; other assets, notably the Other Non-ferrous Division, are mainly located in Africa; the Group also has iron ore assets in Brazil. In 2012 the Group's entities employed on average 78,484 (2011: 77,441) people. The Group currently sells the majority of its products to Russia, China, Japan, Western Europe and the United States. For the twelve months ended December 31 2012, the Group had revenue of US$6,320 million (2011: US$7,705 million) and profit attributable to equity holders of the Company of US$(804) million (2011: US$1,974 million). ENRC has six operating Divisions: Ferroalloys, Iron Ore, Alumina and Aluminium, Other Non-ferrous, Energy and Logistics. ENRC is a UK company with its registered office in London. ENRC's shares are quoted on the London Stock Exchange ('LSE') and the Kazakhstan Stock Exchange ('KASE'). For more information on ENRC visit the Group's website at www.enrc.com.