DGAP-Regulatory: MMC Norilsk Nickel: MMC NORILSK NICKEL AND SBERBANK CIB AGREED ON PROJECT FINANCING FOR GRK BYSTRINSKOE IN THE AMOUNT OF UP TO USD 800 MILLION

4 Apr 2016 12:45

MMC Norilsk Nickel / Miscellaneous - High PriorityMMC Norilsk Nickel: MMC NORILSK NICKEL AND SBERBANK CIB AGREED ON PROJECTFINANCING FOR GRK BYSTRINSKOE IN THE AMOUNT OF UP TO USD 800 MILLION 04-Apr-2016 / 12:45 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. --------------------------------------------------------------------------- MMC NORILSK NICKEL AND SBERBANK CIB AGREED ON PROJECT FINANCING FOR GRKBYSTRINSKOE IN THE AMOUNT OF UP TO USD 800 MILLION Moscow, April 4, 2016: PJSC MMC Norilsk Nickel (hereinafter Norilsk Nickelor the Company) and Sberbank CIB informed on approval of a credit facilityin the amount of up to USD 800 million for the period of 8 years to financethe construction of Bystrinskiy mining and concentration complex(Bystrinskiy project) in Zabaykalsky Kray. Lending facility services are tobe provided by PJSC Sberbank. GRK Bystrinskoye LLC is the borrower. The facility is arranged by Sberbank CIB in the form of project financingwithout recourse to Norilsk Nickel based on results financial and economicassessment of Bystrinskiy Project. 'This financing is a unique deal in the Russian market, рroject financingof the Bystrinskly project is a unique arrangement for the Russian market,the appeal of which for the Company shareholders is further boosted withthe involvement of Sberbank, a robust financial partner', said SergeyMalyshev, Vice-president - Chief Financial Officer of Norilsk Nickel. 'Thetransaction is a result of a close cooperation with Sberbank nurtured overthe last several years. We have decided in favour of Sberbank CIB'sproposal as it appeared to be the best among all offers we received' 'Bystrinskoye is one of the world ten largest copper deposits. Therealization of this project is of a strategic importance for both theCompany's business and the economy of the country. Construction of theworld-class mining and concentration complex will create over 3000 jobs andgive an momentum to the development of the region. We like the opportunityto participate in such an importance project and offer a financial solutionthat accommodates the needs and interests of our client', - said MaximPoletaev, the First Deputy Chairman of the Executive Board of Sberbank. The recent fund raising transactions of the Company have proved thelenders' confidence in Norilsk Nickel as well as the quality of itsproduction assets, which remain attractive for investors even in a volatilemarket environment. On December 29, 2015 the Company reported the signing of legally-bindinginvestment agreements with the Chinese Highland Fund, that intends toacquire a 13.33% stake in the Bystrinsky project for a total considerationof USD 100 million. The transaction is subject to approval of the FederalAntimonopoly Service of Russia. ABOUT NORILSK NICKEL: Public Joint-Stock Company Mining and Metallurgical Company Norilsk Nickelis a diversified mining and metallurgical company, the world's largestproducer of nickel and palladium and a leading producer of platinum,cobalt, copper and rhodium. In addition, the Company produces gold, silver,iridium, selenium, ruthenium and tellurium. The production units of MMC Norilsk Nickel's group in Russia are at theNorilsk Industrial District and the Kola Peninsula, as well as Finland. Norilsk Nickel's shares are listed on the Moscow and on theSaint-Petersburg Stock Exchanges. Norilsk Nickel ADRs trade over thecounter in the US and on the London and Berlin stock exchanges. ABOUT THE PROJECT: The Bystrinsky copper-gold-iron development project will deliverworld-class mining and processing complex with a capacity of 10 mtpa.Bystrinskoe GRK LLC is Norilsk Nickel's subsidiary in charge of the depositdevelopment. For further information, please, contact: Media Relations: Investor Relations: Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20 Email: pr@nornik.ru Email: ir@nornik.ru --------------------------------------------------------------------------- 04-Apr-2016 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media 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: 3080 Time of Receipt: 04-Apr-2016 / 12:45 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 450843 04-Apr-2016

UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.