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Nornickel Plan to Restore
Its Flooded Mines

Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, is planning to restore full capacity of its flooded Oktyabrsky and Taimyrsky mines within the next 3-4 months.

The Company's Norilsk Division has developed a plan, with the base case scenario implying that the Oktyabrsky mine (5.0 mtpa of ore) will gradually ramp-up in the second half of April – May. The Taimyrsky mine (4.3 mtpa of ore) is scheduled to resume mining in early June, with a full recovery expected to take approximately one month.

According to the Company’s current base case estimates, metal production volumes are expected to fall short of the 2021 production guidance as follows: nickel – by approximately 35kt, copper – by 65kt and platinum groups metals – by 22t (approximately 710koz).

About the Company

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 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, ADRs are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.

For further information on Nornickel contact Vladimir Zhukov, Vice President, Investor relations at ir@nornik.ru or visit, www.nornickel.com

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