Nornickel updates on the business impact COVID-19

Moscow — PJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel provides an update on the measures taken to combat the spread of COVID-19 and the current business impact of the virus on the Company’s operations, sales, investments and financial position.


NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary reiterates that the health and safety of its employees and their family member as well as the support of social infrastructure in the regions of its operations has always been the top priority. Since the outbreak of the epidemic, the Company has successfully transitioned to remote working more than 10,000 of its employees.

In addition to earlier announced measures Nornickel has unveiled new initiatives of comprehensive assistance and support to regional authorities and local communities as part of COVID-19 pandemic response.

In total, the Company has allocated over 10.5 billion roubles (circa USD 140 million) to combat the coronavirus outbreak and mitigate its impact on employees and local communities. The funds will be mainly used to purchase medical equipment and supplies, personal protective gear, and to develop medical infrastructure in the regions of its operations.

Nornickel continues paying full salaries to all the employees, including those who do not have remote working capabilities as well as employees with children who are not able to perform their job duties following the closure of kindergartens. Furthermore, the personnel of continuously operating units temporarily receives additional hardship payments.

In order to support small and medium enterprises Nornickel has granted rent holidays to more than 150 small businesses that are tenants of the Company’s properties.

In addition, Nornickel has launched a charity movement “Volunteers Rush to Rescue” to help deliver food, medicines, and other essential supplies to those in need, educate senior citizens on how to access to various services online.

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

MMC 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.