PJSC 'MMC 'NORILSK NICKEL' SIGNED A 5-YEAR USD 500 MILLION CREDIT FACILITY WITH A SYNDICATE OF INTERNATIONAL BANKS

Moscow, 3 October 2016 - PJSC 'MMC 'Norilsk Nickel' (further the company) announces the signing of a 5-year USD 500 million committed revolving back-stop credit facility ('RCF') with a syndicate of international banks.

Commerzbank AG, HSBC Bank plc, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and UniCredit Bank are acting as Mandated Lead Arrangers and Bookrunners. UniCredit Bank AG (London Branch) was appointed as Facility Agent.

This new RCF is another step towards diversification of available committed credit lines among Russian, Western and Asian lenders.

Sergey Malyshev, the company's Senior Vice-president and Chief Financial Officer commented: 'Widening participation of top-level international banks in the total number of credit lines available for the Company enables us to maintain a liquidity cushion of at least USD 2 billion in the medium term perspective. The transaction supports our financial strategy aimed at balancing our extra cash reserves with more flexible and cost efficient instruments.'

ABOUT THE COMPANY

PJSC 'MMC 'Norilsk Nickel' is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The production units of PJSC 'MMC 'Norilsk Nickel' include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.

PJSC 'MMC 'Norilsk Nickel' shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. The Company's ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.

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