Shareholders of Nornickel approved the final dividend for the FY 2020

Moscow — Shareholders of NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary held the Annual General Meeting (AGM) in absentia on May 19, 2021. The AGM approved the final dividend for the financial year 2020 in the amount of RUB 1,021.22 per ordinary share (approximately 13.86 at the RUB/USD exchange rate set by the Russian Central Bank as of 19.05.2021). The final dividend will amount to a total of RUB 161.6 bn (approximately USD 2.2 bn) The total dividend distribution for the FY 2020 will amount to USD 3.5 bn, including the interim dividends for nine months of 2020 which have been already paid to shareholders (for a total amount of approximately USD 1.3 bn).

The dividend record date has been set on 1 June 2021.

The AGM also elected the Board of Directors and the Internal Audit commission.

The Board of Directors

  • Gareth Penny
  • Alexey Bashkirov
  • Evgeny Shvarts
  • Marianna Zakharova
  • Maxim Poletaev
  • Stanislav Luchitsky
  • Robert Edwards
  • Roger Munnings
  • Sergey Batekhin
  • Sergey Barbashev
  • Sergey Bratukhin
  • Sergey Volk
  • Vyacheslav Solomin

The Audit commission

  • Alexey Dzybalov
  • Anna Masalova
  • Elena Yanevich
  • Georgiy Svanidze
  • Vladimir Shilkov

Additionally, the shareholders approved the annual report for 2020, RASRussian Accounting StandardsGo to the glossary accounts, the consolidated financial statements in accordance with IFRSInternational Financial Reporting StandardsGo to the glossary for 2020 and approved JSC KPMG as the auditors for 2021 RAS accounts and IFRS consolidated financial statements. The shareholders voted in favor of all the other items of the AGM agenda.

AGM materials and voting results available on Nornickel website.

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
MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo 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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