This AMENDMENT NO. 9 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of April 1, 2022, is entered into among NOVELIS INC., a corporation amalgamated under the Canada Business Corporations Act and having its corporate office at Two Alliance Center, 3560 Lenox Road, Suite 2000, Atlanta, GA 30326, USA (the “Canadian Borrower”), NOVELIS CORPORATION, as a U.S. borrower, the other U.S. borrowers party thereto (collectively, the “U.S. Borrowers”), NOVELIS UK LTD, as a U.K. borrower (“Novelis UK”), NOVELIS AG, as a Swiss borrower (“Novelis AG”), NOVELIS DEUTSCHLAND GMBH, as a German borrower (“Novelis Deutschland”), AV METALS INC., a corporation formed under the Canada Business Corporations Act (“Holdings”), the other LOAN PARTIES (as defined in the Amended Credit Agreement referred to below), NOVELIS ITALIA S.P.A. (the “Third Party Security Provider”), the LENDERS party hereto, the ISSUING BANKS, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent (in such capacity, and together with its successors in such capacity, “Administrative Agent”).

WHEREAS, the Borrowers, Holdings, the other Loan Parties, the Administrative Agent, the Collateral Agent, the lenders party thereto, and the other parties from time to time party thereto, entered into that certain Second Amended and Restated Credit Agreement, dated as of October 6, 2014 (as amended by Amendment No. 1 to Second Amended and Restated Credit Agreement, dated as of September 14, 2017, as further amended by Amendment No. 2 to Second Amended and Restated Credit Agreement and Amendment to U.S. Security Agreement, dated as of April 15, 2019, as further amended by Amendment No. 3 to Second Amended and Restated Credit Agreement, dated as of December 20, 2019, as further amended by Amendment No. 4 to Second Amended and Restated Credit Agreement and Amendment No. 2 to U.S. Security Agreement, dated as of February 21, 2020, as further amended by Amendment No. 5 to Second Amended and Restated Credit Agreement, dated as of

August 25, 2020, as further amended by Amendment No. 6 to Second Amended and Restated Credit Agreement, dated as of December 11, 2020, as further amended by Amendment No. 7 to Second Amended and Restated Credit Agreement, dated as of March 5, 2021, as further amended by Amendment No. 8 to Second Amended and Restated Credit Agreement, dated as of October 7, 2021 and as further as amended, supplemented, restated or otherwise modified prior to the date hereof, the “Credit Agreement”, and the Credit Agreement, and as amended by this Amendment, the “Amended Credit Agreement”);

WHEREAS, the Third Party Security Provider has pledged certain assets to secure the Secured Obligations;

WHEREAS, the Borrowers have requested amendments to the Credit Agreement as herein set forth;

WHEREAS, the U.S. Borrowers and the other Guarantors party to the U.S. Security Agreement (collectively, the “Reaffirming Parties”, and each, a “Reaffirming Party”) have entered into or joined the U.S. Security Agreement in order to induce the Lenders to make Loans, and each Reaffirming Party desires to reaffirm the security interest granted pursuant to the U.S. Security Agreement;

WHEREAS, the Reaffirming Parties expect to realize, or have realized, substantial direct and indirect benefits as a result of this Amendment becoming effective and the consummation of the transactions contemplated hereby; and

WHEREAS, the Borrowers, Holdings, the other Loan Parties, the Administrative Agent, the Collateral Agent, and each lender party hereto, have agreed to amend the Credit Agreement on the terms and subject to the conditions herein provided.

NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and obligations herein set forth and other good and valuable consideration, the adequacy and receipt of which is hereby acknowledged, and in reliance upon the representations, warranties and covenants herein contained, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1.Definitions. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Amended Credit Agreement.

Section 2.Amendments. Subject to the terms and conditions set forth herein, effective as of the Amendment Effective Date (as defined below), the Credit Agreement is hereby amended as follows:

(a)The definition of “LC Commitment” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:

“LC Commitment” shall mean the commitment of the Issuing Banks to issue U.S. Letters of Credit and European Letters of Credit pursuant to Section 2.18. The total amount of the LC Commitment as of the Amendment No. 9 Effective Date shall be $275,000,000; provided, further, that in no event shall the LC Commitment exceed the Adjusted Total Revolving Commitment. The LC Commitment of any Issuing Bank at any time shall, subject to Section 2.18, be an amount mutually agreed by the Designated Company and such Issuing Bank from time to time, and in any case shall not exceed $275,000,000.

(b)Section 1.01 of the Credit Agreement is hereby amended by inserting the following definitions in the appropriate alphabetical order:

(i)“Amendment No. 9” means that certain Amendment No. 9 to Second Amended and Restated Credit Agreement, dated as of April 1, 2022, among Holdings, the Borrowers party thereto, the other Loan Parties party thereto, Novelis Italia, S.p.A., as third party security provider, the Administrative Agent, the Issuing Banks and each Lender party thereto.

(ii)“Amendment No. 9 Effective Date” means the “Amendment Effective Date” as defined in Amendment No. 9.

(c)Section 2.18(e) of the Credit Agreement is hereby amended by deleting the phrase “at no time shall there be more than four Issuing Banks” and replacing such phrase with “at no time shall there be more than five Issuing Banks”.

Section 3. Conditions Precedent to Effectiveness of this Amendment. This Amendment shall become effective as of the first date (the “Amendment Effective Date”) on which each of the following conditions precedent shall have been satisfied, or duly waived by the Lenders party hereto, the Issuing Banks and the Administrative Agent:

(a)Executed Amendment. The Administrative Agent shall have received this Amendment, duly executed by each of the Loan Parties, the Third Party Security Provider, the Required Lenders, the Issuing Banks and the Administrative Agent.

(b)Payment of Fees and Expenses. The Administrative Agent shall have received expenses (including the reasonable fees and expenses of legal counsels) in connection with this Amendment for which invoices have been presented, at least one Business Day prior to the Amendment Effective Date, in connection with this Amendment.

(c)Representations and Warranties. Each of the representations and warranties contained in Section 4 below and in any other Loan document shall be true and correct in all material respects (or, in the case of any representation or warranty that is qualified as to materiality, “Material Adverse Effect” or similar language, in all respects) on and as of the date hereof.

(d)No Default or Event of Default. Before and after giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing or would result from the effectiveness of this Amendment.

Section 4. Representations and Warranties. Each Loan Party represents and warrants to the Administrative Agent and each Lender as follows:

(a)After giving effect to this Amendment, each of the representations and warranties in the Amended Credit Agreement or in any other Loan Document are true and correct in all material respects (or, in the case of any representation or warranty that is qualified as to materiality, “Material Adverse Effect” or similar language, in all respects) on and as of the date hereof as though made on and as of such date, except to the extent that any such representation or warranty expressly relates to an earlier date, in which case such representations and warranties are true and correct in all material respects (or, in the case of any representation or warranty that is qualified as to materiality, “Material Adverse Effect” or similar language, in all respects) as of such earlier date.

(b)The execution and delivery by the Canadian Borrower, each other Loan Party and the Third Party Security Provider of this Amendment, and the performance of this Amendment and the Amended Credit Agreement by the Canadian Borrower, each other Loan Party and the Third Party Security Provider, in each case have been duly authorized by all requisite organizational action on its part and will not violate any of its Organizational Documents.

(c)This Amendment has been duly executed and delivered by the Canadian Borrower, each other Loan Party and the Third Party Security Provider, and each of this Amendment and the Amended Credit Agreement constitutes the Canadian Borrower’s, such Loan Party’s or such Third Party Security Provider’s, as applicable, legal, valid and binding obligation, enforceable against it in accordance with their terms, except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights of creditors generally and by general principles of equity.

(d)Before and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing as of the date hereof.

Section 5. Continuing Effect; Liens and Guarantees; No Novation.

(a)Each of the Loan Parties and the Third Party Security Provider hereby consents to this Amendment and the Amended Credit Agreement. Each of the Loan Parties and the Third Party Security Provider hereby acknowledges and agrees that all of its Secured Obligations, including all Liens and (in the case of the Loan Parties) Guarantees granted to the Secured Parties under the applicable Loan Documents, are ratified and reaffirmed and that such Liens and Guarantees shall continue in full force and effect on and after Amendment Effective Date to secure and support the Secured Obligations. Each of the Loan Parties hereby further ratifies and reaffirms the validity, enforceability and binding nature of the Secured Obligations.

(b)Holdings and each Subsidiary Guarantor hereby (i) acknowledges and agrees to the terms of this Amendment and the Amended Credit Agreement and (ii) confirms and agrees that, each of its Guarantee and any Foreign Guarantee is, and shall continue to be, in full force and effect, and shall apply to all Secured Obligations without defense, counterclaim or offset of any kind and each of its Guarantee

and any such Foreign Guarantee is hereby ratified and confirmed in all respects. Each Borrower hereby confirms its liability for the Secured Obligations, without defense, counterclaim or offset of any kind.

(c)Holdings, the Canadian Borrower, each other Loan Party and the Third Party Security Provider hereby ratifies and reaffirms the validity and enforceability (without defense, counterclaim or offset of any kind) of the Liens and security interests granted by it to the Collateral Agent for the benefit of the Secured Parties to secure any of the Secured Obligations by Holdings, the Canadian Borrower, any other Loan Party and the Third Party Security Provider pursuant to the Loan Documents to which any of Holdings, the Canadian Borrower, any other Loan Party or the Third Party Security Provider is a party and hereby confirms and agrees that notwithstanding the effectiveness of this Amendment, and except as expressly amended by this Amendment, each such Loan Document is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of this Amendment, each reference in the Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” (and each reference in the Credit Agreement to this “Agreement”, “hereunder” or “hereof”) or words of like import shall mean and be a reference to the Amended Credit Agreement.

(d)Without limiting the generality of this Section 5 or Section 6, (i) neither this Amendment, the Amended Credit Agreement, nor any other Loan Document entered into in connection herewith or therewith, shall extinguish the “Secured Obligations” (or any term of like import) as defined or referenced in each Security Agreement, or the “Secured Obligations” under and as defined in the Credit Agreement (collectively, the “Loan Document Secured Obligations”), or discharge or release the priority of any Loan Document, and any security interest previously granted pursuant to each Loan Document is hereby reaffirmed and each such security interest continues in effect and secures the Loan Document Secured Obligations, (ii) nothing contained herein, in the Amended Credit Agreement or any other Loan Document entered into in connection herewith or therewith shall be construed as a substitution or notation of all or any portion of the Loan Document Secured Obligations or instruments securing any of the foregoing, which shall remain in full force and effect and shall continue as obligations under the Amended Credit Agreement, and (iii) nothing implied in this Amendment, the Amended Credit Agreement or any other Loan Document entered into in connection herewith or therewith, or in any other document contemplated hereby or thereby shall be construed as a release or other discharge of any Loan Party or the Third Party Security Provider from any of its Loan Document Secured Obligations, it being understood that such obligations shall continue as obligations under the Amended Credit Agreement.

Section 6. U.S. Reaffirmation.

(a)The Reaffirming Parties hereby confirm their respective guarantees, assignments, pledges and grants of security interests, as applicable, under the U.S. Security Agreement, and agree that such guarantees, assignments, pledges and grants of security interests shall continue to be in full force and effect and shall accrue to the benefit of the Collateral Agent for the benefit of the Secured Parties.

(b)Each Reaffirming Party hereby confirms and agrees that the “Secured Obligations” (or any term of like import) as defined or referenced in the U.S. Security Agreement will include the “Secured Obligations” as defined in the Credit Agreement.

Section 7. Reference to and Effect on the Loan Documents.

(a)Except as expressly set forth in this Amendment, all of the terms and provisions of the Credit Agreement and the other Loan Documents (including all exhibits and schedules to each of the Credit Agreement and the other Loan Documents) are and shall remain in full force and effect and are hereby ratified and confirmed. The Amendments provided for herein and in the annexes and exhibits hereto are limited to the specific provisions of the Credit Agreement specified herein and therein and shall not constitute an amendment of, or an indication of the Administrative Agent’s or any Lender’s

(b)The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Administrative Agent, the Collateral Agent, any Issuing Bank or any Lender under the Credit Agreement or any Loan Document, or constitute a waiver or amendment of any other provision of the Credit Agreement or any Loan Document except as and to the extent expressly set forth herein.

(c)The execution and delivery of this Amendment by any Loan Party or Third Party Security Provider shall not constitute a joinder by, or agreement to be bound by the terms of, any Loan Document to which such Loan Party or Third Party Security Provider is not a party.

(d)This Amendment shall constitute a Loan Document.

Section 8. Further Assurances; Post-Closing Requirements.

Section 9. Counterparts.

(a)This Amendment and any notices delivered under this Amendment, may be executed by means of (a) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and applicable electronic signatures law; (b) an original manual signature; or (c) a faxed, scanned, or photocopied manual signature. Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. The Administrative Agent reserves the right, in its sole discretion, to accept, deny, or condition acceptance of any electronic signature on this Amendment or on any notice delivered to the Administrative Agent under this Amendment.

(b)This Amendment and any notices delivered under this Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Receipt by the Administrative Agent of a facsimile copy or electronic image scan transmission (e.g., PDF via electronic email) of an executed signature page and any notices as set forth herein shall constitute receipt by the Administrative Agent and shall be as effective as delivery of a manually executed counterpart of the Amendment or notice.

Section 10. Governing Law. This Amendment and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another jurisdiction.

Section 11. Headings. Section headings contained in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purposes.

Section 12. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE REQUIREMENTS OF LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

By:      /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Assistant Treasurer

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Attorney

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Attorney

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Attorney

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:        /s/ Gregg Murphey    
Name:        Gregg Murphey    
Title:        Attorney    

By:        /s/ Teresa Murphey    
Name:        Teresa Murphey    
Title:        Spouse    

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Person Authorized

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Person Authorized

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Attorney-in-Fact

By:     /s/ Kerrie Krizner               
Name:    Kerrie Krizner
Title:    Project Manager — Legal

By:     /s/ Chirag P. Shah               
Name:    Chirag P. Shah
Title:    Assistant General Counsel

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Attorney-in-Fact

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Attorney

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:      /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:      /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:      /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:      /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:      /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Person Authorized

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Person Authorized

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Person Authorized

By:     /s/ Gregg Murphey               
Name:    Gregg Murphey
Title:    Authorized Signatory

By:    /s/ Chance Hausler
    Name: Chance Hausler
    Title: Director

By:    /s/ Cheryl B Suan
    Name: Cheryl B. Suan
    Title:SVP

By:    /s/ Helen Alverez-Hernandez
    Name: Helen Alverez-Hernandez
    Title: Managing Director

By:    /s/ Elisabeth Izzo
    Name: Elisabeth Izzo
    Title: Vice President

By:    /s/ Koruthu Mathew
    Name: Koruthu Mathew
    Title: VP

By:    /s/ Guelay Mese
    Name: Guelay Mese
    Title: Director

By:    /s Christopher Cassidy
    Name: Christopher Cassidy
    Title: Vice President

By:    /s/ Brendan Mackay
    Name: Brendan Mackay
    Title: Vice President and Director

By:    /s/ Doreen Barr
    Name:Doreen Barr
    Title: Authorized Signatory

By:    /s/ Michael Diffenbacher
    Name: Michael Diffenbacher
    Title: Authorized Signatory

By:    /s/ Phillip Tancorra
    Name: Phillip Tancorra
    Title: Vice President

By:    /s/ Jessica Lutrario
    Name: Jessica Lutrario
    Title: Assocoaite

By:    /s/ Dilip Chaini
    Name:Dilip Chaini
    Title: Senior Vice President

By:    /s/ Jeff Chu
    Name: Jeff Chu
    Title: Director

By:    /s/ Mike Chen
    Name: Mike Chen
    Title: Director

By:    /s/ Oswin Joseph
    Name: Oswin Joseph
    Title: Vice President

By:    /s/ Donna DeMagistris
    Name: Donna DeMagistris
    Title: Executive Director

By:    /s/ Tim Kok
    Name: Tim Kok
    Title: Authorized Signatory

By:    /s/ Jay Hooper
    Name: Jay Hooper
    Title: Vice President

By:    /s/ Scott Martin
    Name: Scott Martin
    Title: Managing Director

By:    /s/ Michiel V.M. Van Der Voort
    Name: Michiel V.M. Van Der Voort
    Title: Managing Director

By:    /s/ Ambrish Mathur
    Name: Ambrish Mathur
    Title: Executive Director