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		11/08/2022
respect of which the statement was made
	2. Subject matter

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's shareholders approved reduction of the authorized capital of the company on a foreign exchange for the purposes of disclosure to foreign investors.

August 11, 2022 - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that today its shareholders on the Extraordinary General Meeting approved the reduction of the authorized capital of the Company by RUB 791,227 to RUB 152,863,397 by cancelling 791,227 repurchased ordinary shares with par value of RUB 1.

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 for investor relations and sustainable development.

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, tellurium, sulphur and other products.

The production units of NORILSK NICKEL Group are located in Russia (the Norilsk Industrial District, Kola Peninsula and the Trans-Baikal Territory), Finland.

MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.

Media Relations:

Phone: [phone]

Email: [e-mail] Investor Relations: Phone: [phone] Email: [e-mail]

2. If the event (action) may have material impact on the price or valuation of securities of the Issuer: category (type), series (if any) or other identifiers of securities of the Issuer, specified in the resolution to issue securities, as well as a issue (

secondary issue) registration number and date of its registration: type, category (kind) of securities: ordinary shares;

state registration reference of the securities issue and the date of state registration: issue state registration reference 1-01-

40155-F, registered on 12/12/2006;

International Securities Identification Number (ISIN) of Shares: RU0007288411.

Trading of the Issuer's securities is arranged outside the Russian Federation through flotation of depositary receipts (securities of the foreign Issuer certifying the rights in respect of said shares of a Russian issuer).

Brief description of the program (type of the program) of the issue of the foreign issuer's depositary receipts certifying the rights in respect of shares of respective category (type): American Depositary Receipt (ADR) facility of the 1st level for

ordinary shares of PJSC MMC Norilsk Nickel.

International Securities Identification Number (ISIN) of ADR: US55315J1025.

Type of securities:exchange bonds

Type of securities:certificated bearer bonds

Series: БО-001Р-01

Other identifiers: exchange-tradedinterest-bearingnon-convertible certificated bearer bonds with obligatory centralized storage (exchange-traded bonds, bonds)callable by bearers and at the discretion of the Issuer. Obligatory centralized

storage for the securities is ensured.

Issue identification reference: 4B02-01-40155-F-001P

Date of identification reference: 26/09/2019

Entity which issued the identification reference: PJSC Moscow Exchange

International Securities Identification Number (ISIN) of bonds: RU000A100VQ6

3. Date of event (action): 11/08/2022.

Share Capital Manager
(Power of Attorney No. GMK-115/5-nt dd. 20/01/2021)	O.A. Kuznetsova
August 11, 2022