10 Oct 2016 15:10
MMC Norilsk Nickel / Miscellaneous - High PriorityPJSC 'MMC 'NORILSK NICKEL' PROVIDES AN UPDATE ON THE SALE OF AFRICAN ASSETS 10-Oct-2016 / 16:09 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Moscow, 10 October 2016 - PJSC 'MMC 'NORILSK NICKEL' (the 'Company')provides an update on the status of the sale of its 50% participationinterest in the Nkomati JV. On 17 October 2014 the Company announced that it had entered into a bindingagreement for the sale of its African assets to Botswana-based BCLInvestments, which is controlled by the Government of Botswana. All of theconditions precedent to the transaction were duly fulfilled. In particular,in September 2016 the last remaining condition precedent was fulfilled whenthe Company obtained the consent of South Africa's Department of MineralResources to proceed with the sale of the 50% interest in the Nkomati JV. The Company provided the buyer with additional time to close thetransaction; however, BCL Investments made no effort to fulfill itsobligations. On 8 October 2016, the Company learned from the media that BCLhad been put into provisional liquidation. Following these developments the Company has decided to defend itsinterests under the transaction in courts with jurisdiction over thematter. This announcement contains inside information in accordance with Article 7of 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 PJSC 'MMC 'NORILSK NICKEL' is a diversified mining and metallurgicalcompany, the world's largest producer of refined nickel and palladium and aleading producer of platinum, cobalt, copper and rhodium. The company alsoproduces gold, silver, iridium, selenium, ruthenium and tellurium. The production units of PJSC 'MMC 'NORILSK NICKEL' include Polar Division,located at the Norilsk Industrial District on Taimyr Peninsula, and KolaMining and Metallurgical Company located on the Kola Peninsula in Russia aswell as Harjavalta nickel refinery in Finland. PJSC 'MMC 'NORILSK NICKEL' shares are listed on the Moscow and on theSaint-Petersburg Stock Exchanges. PJSC 'MMC 'NORILSK NICKEL' ADRs tradeover the counter in the US and on the London and Berlin Stock Exchanges. Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495)786 83 20 Email: pr@nornik.ru Email: ir@nornik.ru --------------------------------------------------------------------------- The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: MMC Norilsk Nickel 1 st Krasnogvardeysky av., 15 123100 Moscow Russia Internet: www.nornik.ru ISIN: US55315J1025 WKN: A140M9 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market in Frankfurt ; London, Nasdaq Category Code: MSCH TIDM: MNOD Sequence Number: 3474 Time of Receipt: 10-Oct-2016 / 16:09 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 510215 10-Oct-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.