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NORNICKEL'S GLOBAL PALLADIUM FUND ISSUES FIRST TOKENS TO INDUSTRIAL PARTNERS

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MMC Norilsk Nickel (MNOD)
NORNICKEL'S GLOBAL PALLADIUM FUND ISSUES FIRST TOKENS TO INDUSTRIAL PARTNERS

22-Dec-2020 / 17:41 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'S GLOBAL PALLADIUM FUND ISSUES FIRST TOKENS TO INDUSTRIAL PARTNERS

Moscow, December 22, 2020 - The Global Palladium Fund, established by PJSC
MMC Norilsk Nickel, the world's largest producer of palladium and high-grade
nickel and a major producer of platinum and copper, has issued the first
tokens involving metal contracts to its major industrial partners Traxys SA
and Umicore SA, setting the stage for the new era of digital transactions,
which will optimize supply chain efficiency and transparency.

The Global Palladium Fund has issued the digital instruments via the global
tokenization platform Atomyze, backed by a pool of international investors.

The first two clients, the world's leading commodity actors and Nornickel's
longstanding partners - Traxys and Umicore - arrived after the mining giant
announced its strategy to integrate into a digital ecosystem designed to
give ultimate provenance and traceability to its metals.

Anton Berlin, Nornickel's Vice President, Sales and Distribution, commented:
"Nornickel is developing and setting new standards by digitalizing market
transactions. The tokens issued by the Global Palladium Fund on the Atomyze
platform will allow it to deliver Nornickel's products to customers in a
more efficient and transparent way. We are confident that it will provide
the industry with the necessary tools to guarantee responsible sourcing."

Alan Docter, Traxys Chairman commented: "The Atomyze tokenization platform
has the potential to revolutionise the industrial commodity market. We are
excited about this opportunity to be one of the first to use the
tokenization platform, and believe that this new ecosystem can make our
daily operations more flexible, sustainable and profitable."

Bernhard Fuchs, Senior Vice President, Precious Metals Management and
Umicore Marketing Services, added: "We recognize the value that the Atomyze
platform is delivering: efficiency, cost optimization and flexibility that
tokenization brings along - it's a leap forward towards new levels of
business efficiency as well as multi-layer-documentation, and we are looking
forward to set off on this innovative path."

Atomyze uses Distributed Ledger Technology (DLT) to tokenize assets in
digital form providing accessibility, reducing costs, and increasing
transparency. GPF, the platform's first client, is issuing tokens covering
the whole range of metals produced by Nornickel - via the Atomyze
tokenization platform operated by Tokentrust AG.

The Global Palladium Fund (GPF) fosters global product distribution from its
sole investor, MMC Norilsk Nickel, the world's largest producer of
palladium, high-grade nickel and other metals. Its mission is to broaden
access to the world's precious, base and rare earth metals and to facilitate
the development of world-changing technologies while ensuring responsible
use of the natural resources.

Tokentrust AG is a Swiss-based fintech company aimed at digitizing and
tokenizing the multifaceted commodities industry. Tokentrust is launching
the Atomyze platform, built on Hyperledger Fabric, with the vision to
facilitate access to commodities and to illiquid markets.

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.: 90188
EQS News ID: 1157011

End of Announcement EQS News Service



(END) Dow Jones Newswires

December 22, 2020 09:41 ET ( 14:41 GMT)
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