OJSC MMC Norilsk Nickel

02/19/2021 | Press release | Distributed by Public on 02/19/2021 08:02

Nornickel not to appeal the court’s ruling regarding diesel spill incident

Moscow, February 19, 2021 - NornickelPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossary, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, following receipt of the judgment dated 12 February 2021 issued by the Arbitrazh Court of the Krasnoyarsk region in relation to 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, announces that after careful consideration of the full text of the judgment and having assessed prospects of its appeal, it has been decided to comply with the judgment.

Gareth Penny, Chairman of Nornickel's Board of Directors, commented: 'Following a thorough review of the court judgment and based on the advice of internal and external counsel, the CompanyPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel'Go to the glossaryhas decided not to pursue an appeal in this matter. We welcome this decision as this will enable Nornickel to move on and concentrate its efforts on the execution of its ambitious sustainable development strategy, which was presented to the investment community last December. On behalf of the Board, I can confirm that the management has our full support in these efforts and that we appreciate the commitment of all to achieve these goals.'

ABOUT THE COMPANY
MMCMining and Metallurgical CompanyGo to the glossaryNorilsk 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 GroupPublic Joint Stock Company 'Mining and Metallurgical Company 'Norilsk Nickel' and its subsidiariesGo to the glossaryare 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, ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.

19 February 2021