Nornickel believes that Rosprirodnadzor's decision to go to court is premature

Moscow, September 10, 2020 NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, notes the announcement of the Yenisei Interregional Department of the Federal Service for Supervision of Natural Resources (“Rosprirodnadzor”) that it filed today a claim with the Arbitration Court of the Krasnoyarsk region against Norilsk-Taymyr Energy CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossary (NTEC), a subsidiary of the Company, seeking compensation of damages caused to the environment in the amount of 147,784,627,500 Russian roubles (which is equivalent to approximately U.S.$1.94 billion) as a result of the diesel fuel spill incident on 29 May 2020 at Heat and Power Plant № 3 (HPP-3) in the Kayerkan neighborhood of the city of Norilsk.

We believe that Rosprirodnadzor’s decision to refer this matter to the court is premature because even though the river cleanup has been completed, the final amount of the collected diesel has not been assessed. The Company took an active part in the experts’ dialogue within the joint working group set up with Russia’s Ministry of Natural Resources. Our joint work should result in a comprehensive rehabilitation plan. We still believe that only after completion of the assessment and the expert review will we able to determine accurately the amount of fuel that was released into the water and soil, and thereby determine accurately the amount of environmental damage.

We are confident that the consideration of our case in court will allow us to obtain a fair assessment of the environmental impact of the incident taking into account the results of the cleanup campaign.

ABOUT THE COMPANY
MMCMining and Metallurgical CompanyGo to the glossary Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.

The production units of Norilsk Nickel GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland and South Africa.

MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, 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, Berlin and Frankfurt Stock Exchanges.

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