Statement following Norilsk Nickel Board of Directors meeting

Moscow, 9 April, 2021 – RUSAL is satisfied with today's decision of the Board of Directors of Norilsk Nickel. For the time being, this was the best solution taking into account all the peculiarities of the period, and we are glad that the Board members were all in agreement.

Despite the fact that we still have different approaches to certain elements of the company's development, we are firmly convinced in the necessity of continuing dialogue, which, as can be seen today, bears its fruit.

«As one of the largest shareholders of Norilsk Nickel, RUSAL is interested in the increase of the company's value and its technological and organizational development. We will always uphold the interests of the company and its shareholders. In addition, the major shareholders agreed that in the current MMC share quotation environment, conducting a buyback is a necessary step to maintain the investment attractiveness of the shares and to respect the interests of the minority shareholders,» said Maxim Poletaev, Deputy Director of RUSAL.

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Statement following Norilsk Nickel Board of Directors meeting