Production results for 1H 2018

Moscow — PJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel, the largest palladium and refined nickel producer in the world, announces today preliminary consolidated production results for the first half 2018.

First Vice-President, Chief Operating Officer, Sergey Dyachenko commented on the 1H18 production results:

In 1H18 we increased the output of all our key metals. In copper we delivered a solid 18% year-on-year growth owing to processing of concentrate purchased from Rostec and the launch of Bystrinsky Project. We have also stopped low-margin processing of the third-party feed and basically all refined metals in 1H18 were produced from own raw materials. In April, the first shipment of copper concentrate from Bystrinsky Project (operating in hot commissioning mode) was delivered to Chinese customers. The total output of this greenfield operation in 1H18 amounted to 5 kt of copper in concentrate. At the same time, we are decreasing our production guidance for Bystrinsky Project for 2018 due to technical issues at concentrating facilities that we plan to fix by the year end. Apart from that, we confirm our production guidance from own Russian feed for FY2018.”

This announcement contains inside information in accordance with Article 7 of EU Regulation 596/2014 of 16 April 2014.

Full name and position of person making the announcement  — Vladimir Zhukov, Vice - president, Investor Relations

ABOUT THE COMPANY
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” 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 trade over the counter in the US and on the London and Berlin Stock Exchanges.

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