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NORNICKEL BOARD OF DIRECTORS RECOMMENDS INTERIM DIVIDEND FOR 9M 2020

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MMC Norilsk Nickel (MNOD)
NORNICKEL BOARD OF DIRECTORS RECOMMENDS INTERIM DIVIDEND FOR 9M 2020

03-Nov-2020 / 15:30 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), 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 BOARD OF DIRECTORS RECOMMENDS

INTERIM DIVIDEND FOR 9M 2020

Moscow, November 3, 2020 - The Board of Directors of Nornickel, the world's
largest producer of palladium and high-grade nickel and a major producer of
platinum and copper, has set the Extraordinary General Meeting of
shareholders (EGM) date on December 10, 2020 and the EGM record date (the
list of shareholders eligible to vote) on November 16, 2020.

The Board of Directors has recommended for the EGM approval an interim
dividend for the nine months of 2020 in the amount of RUB 623.35 per
ordinary share (approximately USD 7.74 at the RUB/USD exchange rate the
Russian Central Bank as of November 3, 2020), totaling RUB 98.64 bn
(approximately USD 1.2 bn). The Board of Directors has proposed to set the
dividend record date (the list of shareholders entitled to the dividend) on
December 24, 2020.

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

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
LEI Code: 253400JPTEEW143W3E47
Sequence No.: 87128
EQS News ID: 1145070

End of Announcement EQS News Service



(END) Dow Jones Newswires

November 03, 2020 07:30 ET ( 12:30 GMT)
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