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NORNICKEL BELIEVES THAT ROSPRIRODNADZOR'S DECISION TO GO TO COURT IS PREMATURE

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MMC Norilsk Nickel (MNOD)
NORNICKEL BELIEVES THAT ROSPRIRODNADZOR'S DECISION TO GO TO COURT IS
PREMATURE

10-Sep-2020 / 18:35 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

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

NORNICKEL BELIEVES THAT ROSPRIRODNADZOR'S DECISION TO GO TO COURT IS
PREMATURE

Moscow, September 10, 2020 - Nornickel, the world's largest producer of
palladium and high-grade nickel and a major producer of platinum and copper,
notes the announcement of the Yenisei Interregional Department of the
Federal Service for Supervision of Natural Resources ("Rosprirodnadzor")
that it filed today a claim with the Arbitration Court of the Krasnoyarsk
region against Norilsk-Taymyr Energy Company (NTEC), a subsidiary of the
Company, seeking compensation of damages caused to the environment in the
amount of 147,784,627,500 Russian roubles (which is equivalent to
approximately U.S.$1.94 billion) as a result of the diesel fuel spill
incident on 29 May 2020 at Heat and Power Plant ? 3 (HPP-3) in the Kayerkan
neighborhood of the city of Norilsk.

We believe that Rosprirodnadzor's decision to go to court is premature
because even though the river cleanup is completed, the final assessment of
the amount of diesel which has been collected has not been completed yet.
The Company took an active part in the experts' dialogue within the joint
working group set up with Russia's Ministry of Natural Resources. Our joint
work should result in a rehabilitation plan. We still believe that only
after the completion of the work and the expert review will we able to
determine accurately the amount of fuel that had gotten into water and soil,
and thus, estimate correctly the amount of environmental damage.

We hope that the consideration of our case in court will allow us to obtain
a fair assessment of the environmental impact of the incident and results of
the cleanup campaign.

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.

Media Relations: Investor Relations:

Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20

Email: pr@nornik.ru Email: ir@nornik.ru

ISIN: US55315J1025
Category Code: MSCH
TIDM: MNOD
Sequence No.: 83911
EQS News ID: 1130137

End of Announcement EQS News Service



(END) Dow Jones Newswires

September 10, 2020 11:35 ET ( 15:35 GMT)
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