OREANDA-NEWS. April 15, 2013. OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel”, the “Company” or the “Group”), the largest nickel and palladium producer in the world, reports audited financial results for the year ended 31 December 2012.

The Board of Directors approved the Company’s consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The resolution of conflict between shareholders helped the Group to finalize the statements and to receive unqualified audit opinion in the shortest time possible.

Full Year 2012 Highlights

Sales revenue amounted to USD 12.1 billion decreasing 15% y-o-y due to unfavourable pricing trends on metals produced by the Company

EBITDA was USD 4.9 billion with a strong EBITDA margin of 41%

Net profit decreased 41% y-o-y to USD 2.1 billion impacted by USD 976 million non-cash write
- offs

Net cash from operating activities amounted to USD 3.4 billion (down 27% y-o-y)

CAPEX reached USD 2.7 billion (up 22% y-o-y)

The full version of the consolidated financial statements of the Group for 2012 prepared in accordance with IFRS is available at the website of the Group (www.nornik.ru/en) in the Investors/Financial Statements section.

On Monday April 15, 2012, MMC Norilsk Nickel will host a conference call and webcast for investors & analysts at 18:00 Moscow time (15:00 London / 10:00 New York).

The conference call will be hosted by the Company’s management who will present the results and answer questions from conference call and webcast participants.

The call will be held in English.

Webcast link: http://www.media - server.com/m/p/hbv2a9ke

Conference call dial - ins:

Moscow
7 (499) 272-43-37

International

44 (0) 20-30-03-26-66

Toll Free:

Russia

8 10 800-24-90-20-44

UK

08 08 109-07-00

USA

1 866 966-53-35

Conference Call

Password: Norilsk Nickel.