Comment from Nornickel regarding legal proceedings between its shareholders

Moscow — PJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel (“Norilsk Nickel” or the “Company”), the world’s largest refined nickel and palladium producer, announces that it has been informed that on February 16, 2018 a hearing on an application for an injunction brought by the Company’s shareholder, UC Rusal Plc (“Rusal”) in the High Court in London against Crispian Investments Limited (“Crispian”) and Whiteleave Holdings Limited (“Whiteleave”), the Company’s shareholders, in connection with the sale of shares in the Company from Crispian to Whiteleave and Rusal, was adjourned to a later date.

The Company is not a party to these proceedings and its day-to-day operations are not affected. However, the court directed that Rusal should compensate all losses that the Company may suffer because of the relevant court order.

ABOUT THE COMPANY

PJSC “MMC “NORILSK NICKEL” is a diversified mining and metallurgical company, a largest refined nickel and palladium producer in the world and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The production units of “NORILSK NICKEL” GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.

PJSC “MMC “NORILSK NICKEL” shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC “MMC “NORILSK NICKEL” ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys are traded over the counter in the US and on the London and Berlin Stock Exchanges.

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