Holders of ADR for Nornickel shares will receive company shares in exchange

Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, informs holders of American depositary receipts representing rights to the Company’s shares (“ADRs”) that in accordance with the requirements of Part 13 of Article 6 of the Federal Law No. 114-FZ “On Amendments to the Federal Law on Joint Stock Companies and Certain Legislative Acts of the Russian Federation” dated April 16, 2022, a notification was sent to JSC Raiffeisenbank, the ADR program custodian, about the requirement to conduct an automatic conversion, as a result of which holders of ADRs issued for shares of PJSC MMC Norilsk Nickel, the rights to which are recorded in Russian depositories, will be credited with the respective number of shares of PJSC MMC Norilsk Nickel.

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 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.

MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.

Norilsk Nickel fully supports the 2030 Agenda for Sustainable Development and the UN Sustainable Development Goals. The Company considers social responsibility and commitment to the principles of sustainable development as one of the pillars of operational efficiency and business development. Nornickel seeks to continuously improve its activities in the areas of environmental protection, human rights, health and safety, environmental impact assessment, and biodiversity preservation. The company spent RUB 221.5 billion on SDG-linked projects in 2021.

Vladimir Malakhov, Rough&Polished