Norilsk Nickel began purchasing its own shares

Norilsk Nickel, JSC announced that its subsidiary, Norilsk Nickel Investments, LTD. plans to purchase shares of Norilsk Nickel, JSC (including Common Shares and ADSs, individually or together, the “securities” and each a “security”) for $306 (payable in rubles) per Common Share, or $ 30.60 per ADS in an amount up to 14,705,882 Common Shares (including Common Shares and ADSs in any combination), which represents approximately 7.71% shareholding in Norilsk Nickel.

The period, during which share holders of Norilsk Nickel may submit their bids for the sale of securities, will start on 28 September and it will be completed on 28 October this year.

ABOUT MMC NORILSK NICKEL:

MMC Norilsk Nickel is a diversified mining and metal producing company, the world's largest producer of nickel and palladium and one of the global leaders in the production of platinum, cobalt, copper and rhodium. By-product metals of MMC Norilsk Nickel include gold, silver, iridium, osmium, selenium, ruthenium and tellurium.

Production facilities of Norilsk Nickel Group are located in Russia (Norilsk Industrial Area and Kola Peninsula), Finland, Australia, Botswana and South Africa.