Nornickel receives the demand of the Krasnoyarsk Krai for compensation of damage to wildlife resources

Moscow, February 11, 2021 — 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 that the Ministry of Environment and Rational Environmental Management of the Krasnoyarsk Krai sent to JSC Norilsk-Taimyr Energy CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossary (NTEC, part of Norilsk Nickel GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary) a pre-trial demand for the voluntary compensation of damage to the wildlife resources caused by the diesel fuel spill from storage facility № 5 at Heat and Power Plant № 3 (HPP-3) in Norilsk in the amount of RUB 494 million (approx. USD 7 million).

According to the demand, the calculation of the monetary damage is based on evaluation of the negative impact of the spill on mammals and birds included in the Red Book of Endangered Species of Russia, hunting resources as well as on the wildlife habitat.

The Ministry of Environment and Rational Environmental Management of the Krasnoyarsk Krai suggests that the Company either compensate the damage within 30 days of the date of the receipt of the demand or take measures for environmental remediation of the impacted wildlife resources.

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 Group 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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