SHAREHOLDERS OF MMC NORILSK NICKEL APPROVED THE INTERIM DIVIDEND FOR THE FIRST HALF OF 2018

PRESS RELEASE

September 20, 2018

Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL» (PJSC "MMC "Norilsk Nickel", the "Company") 

SHAREHOLDERS OF MMC NORILSK NICKEL APPROVED THE INTERIM DIVIDEND FOR THE FIRST HALF OF 2018

Moscow - Shareholders of MMC Norilsk Nickel, the world's largest refined nickel and palladium producer, held the Extraordinary General Meeting (EGM) on September 19, 2018. The EGM approved the interim dividend for the first half of 2018 in the amount of RUB 776.02 per ordinary share (approximately USD 11.37 at the RUB/USD exchange rate of the Russian Central Bank as of August 14, 2018, the date when the Board of Directors made a recommendation on the dividend), totaling RUB 122.8 bn (approximately USD 1,800 mln).

The shareholders have set the interim dividend record date (as of which shareholders will be entitled to the interim dividend) on October 1, 2018.

Notes:

(1) For dividend history covering earlier periods, please see our website.

(2) Calculated as at the RUB/USD exchange rate of the Russian Central Bank as at the date of the Board of Directors meeting.

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

PJSC «MMC NORILSK NICKEL» is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The production units of «NORILSK NICKEL» Group are located at the Norilsk Industrial District, on the Kola Peninsula and Chita region in Russia as well as in Finland and South Africa.

PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs trade over 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