Major milestone in downstream reconfiguration reached: Nickel plant in Norilsk is shut down ahead of schedule

Moscow, August 26, 2016 – PJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel (hereinafter referred to as NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary or the Company) announced today, that another major milestone of the strategic downstream reconfiguration has been reached whereby the outdated Nickel plant in the city of Norilsk was fully decommissioned two months ahead of the schedule. On August 17, production the nickel-refining workshop was idled, followed by cobalt chlorine-leaching workshop – on August 24. The decommissioning of the plant, which was launched in 1942, has been phased out since February 1, 2016. On June 10, the Company shut down the agglomeration facilities of Nickel plant and on June 27 – smelting and roasting shops. All necessary social guarantees have been provided to the employees of the plant, the majority of which are relocated to other facilities of the GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary. The Company confirms that the total refined metal production capacity will be unaffected by the idling of Nickel Plant as production facilities at Kola MMCKola Mining and Metallurgical CompanyGo to the glossary and NN Harjavalta are modernized and expanded correspondingly.

PJSC “MMC “NORILSK NICKEL” is a diversified mining and metallurgical company, the world’s largest producer of refined nickel and palladium 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” Group 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 trade over the counter in the US and on the London and Berlin Stock Exchanges.