PRESS RELEASE

April 28, 2017

Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL»

(PJSC 'MMC 'Norilsk Nickel', the 'Company')

NORILSK NICKEL BOARD OF DIRECTORS RECOMMENDS
DIVIDEND FOR FY 2016

Moscow - The Board of Directors of PJSC «MMC «Norilsk Nickel», one of the largest refined nickel and palladium producer in the world, has recommended for the Annual General Meeting of shareholders (AGM) approval the dividend payment for the full financial year 2016 in the amount of RUB 446.10 per ordinary share (approximately USD 7.83 at the RUB/USD exchange rate the Russian Central Bank as of 28.04.2017).

The total dividend distribution will amount to RUB 70.6 billion (approximately USD 1.2 billion at the RUB/USD exchange rate of the Russian Central Bank as of 28.04.2017).

The Board of Directors has proposed to set the interim dividend record date (the list of shareholders entitled to the interim dividend) on June 23, 2017. The AGM will be held on June 9, 2017.

This announcement contains inside information in accordance with Article 7 of EU Regulation 596/2014 of 16 April 2014.

Full name and position of person making the announcement - Vladimir Zhukov, Vice - president, Investor Relations

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 «NORILSK NICKEL» Group 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. PJSC «MMC «NORILSK NICKEL» ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.

Media Relations:                                                     Investor Relations:

Phone: +7 (495) 785 58 00                                      Phone: +7 (495) 786 83 20

Email: pr@nornik.ru                                                 Email: ir@nornik.ru