Mining and Metallurgical Norilsk Nickel : Statement of material fact or other events (actions) which, in the Issuer’s opinion, have material effect on the price or valuation of its securities

Statement of material fact or other events (actions) which, in the Issuer's opinion, have material effect

on the price or valuation of its securities

1. General information

1.1. Full name of the Issuer		Public Joint Stock Company Mining and Metallurgical
		Company Norilsk Nickel
1.2. Address of the issuer, listed in the Unified		1 ul. Morozova, Dudinka, Taimyr Dolgano-Nenets District,
State Register of Legal Entities		Krasnoyarsk Krai, 647000
1.3. Primary State Registration Number of the		1028400000298
Issuer (OGRN)
1.4. Taxpayer Identification Number of the		8401005730
Issuer (INN)
1.5. Unique code assigned to the Issuer by the		40155-F
Bank of Russia
1.6. Internet website used by the issuer to		http://www.e-disclosure.ru/portal/company.aspx?id=564
disclose information		https://www.nornickel.ru/investors/disclosure/nornickel-
		disclosure/
1.7. The date of the event (material fact) in		22/04/2024
respect of which the statement was made
	2. Subject matter

2.1. Brief description of the event (action), the occurrence of which, in the Issuer's opinion, has effect on the price or valuation of the securities issued by the Issuer:

Publishing of the press release: "NORNICKEL ANNOUNCES CONSOLIDATED PRODUCTION

RESULTS FOR 1Q 2024".

Moscow, 22 April 2024 - Nornickel, the world's largest producer of palladium and Class I nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the first quarter of 2024 and full year 2024 production outlook.

In 1Q 2024, the Company increased the output of palladium and copper as compared to the same period of last year. The temporary decrease in nickel production was attributed to accumulation of work-in-progress inventory, which will be processed in the second quarter.

Trans-Baikal Division continues to increase copper production volumes driven the operations efficiency improvement program.

The Company's mines continued to increase ore production after testing and putting into operational commissioning of equipment from new suppliers in the end of the last year.

In addition, in the reported quarter Nornickel continued to produce premium quality nickel at Kola MMC for the Chinese electroplating sector following the successful delivery of trial batch of such product last year.

The Company reiterates its previously announcedproduction guidance from own Russian feed for FY2024.

NORILSK NICKEL GROUP

Nickel

In 1Q 2024, consolidated nickel output decreased 10% year-on-year(y-o-y) to 42 kt, practically all of which were produced from the Company's own Russian feed (41.96 kt). The decrease in production was attributed to accumulation of work-in-progress inventory, which will be processed in the second quarter.

Copper

1Q 2024, consolidated copper output (including Bystrinsky Copper Project) slightly increased 1% y-o-y to 110 kt, all of which were produced from the Company's own feed.

Trans-Baikal Division increased production of copper in concentrate by 3% y-o-y to 17 kt due to higher processed volumes of concentrate.

Platinum Group Metals

In 1Q 2024, palladium production increased to 745 koz (up 3% y-o-y), while platinum production remained largely unchanged at 178 koz (down 1% y-o-y). All PGMs were produced from the Company's own Russian feed. The increase in palladium was attributed to processing of accumulated work-in-progress inventory.

Norilsk Nickel Group Saleable Metals Production
Description	1Q	1Q	deviation
2024	2023	Y-o-Y
Norilsk Nickel Group1
Total nickel, t	42101	46667	-10%
including from own Russian feed, t	41958	46565	-10%
Total copper, t	109763	108584	1%
including from own Russian feed, t	109763	108584	1%
Palladium, total, koz	745	721	3%
including from own Russian feed, t	745	721	3%
Platinum, total, koz	178	180	-1%
including from own Russian feed, t	178	180	-1%
Including Trans-Baikal Division 2
Copper (in copper concentrate), t	17456	16951	3%
Iron ore concentrate, kt	796	698	14%

Production Guidance from the Company's Russian Feedstock for 2024

Metal

Volume

Norilsk Nickel Group (excluding Chita Copper Project, Trans-Baikal Division)

Nickel, kt Copper, kt Pd, koz Platinum, koz

184-194

334-354

2296 - 2451

567-605

Trans-Baikal Division 2

Copper (in copper concentrate), kt

64-68

Notes:

1. Totals may value from the sum of numbers as a result of rounding.

Note: 2. Norilsk Nickel Group owns 50.01% of Bystrinsky GOK (Trans-Baikal Division). Production results are shown metal in concentrate for sale on 100% basis and fully consolidated in total operational results.

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 silver, gold, iridium, ruthenium, selenium and other products.

The main production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia.

Nornickel shares are listed on the Moscow Exchange.

Media Relations:

Phone: [phone]

Email: [e-mail]

Investor Relations:

Phone: [phone]

Email: [e-mail]

2.2 If the event (action) may have a material impact on the value or market price of the Issuer securities, identification properties of the securities:

type of securities: shares

category (type) of shares: ordinary

registration reference of the issue (secondary issue) of shares and date of registration: state reference 1-01- 40155-F;registration date 07/07/1997; Date of state registration number on 12/12/2006.

International Securities Identification Number (ISIN) of Shares: RU0007288411

classification of financial instruments (CFI): ESVXFR

2.3. Date of event (action): 22/04/2024.

Director,
Corporate Relations Department
(Power of Attorney No. GMK-115/87-nt dd. 10/07/2023)	N.Yu. Yurchenko
April 22, 2024