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Investor Presentaiton

Russian Operations: Investments in Production Ore extraction $558 mln $490 mln - key mines of Polar Division Enrichment $48 mln $40 mln Chita design project $28 mln Kola MMC >$36 mln - expansion of Talnakh enrichment plant; tailings storages and other projects of Polar Divison - (construction of Severny-Gluboky mine, etc) Smelting $172 mln $115 mln ā€“ upgrading Nadezhda Metallurgical Plant $24 mln - modernisation of production lines to reduce SO2 emissions Replacement of equipment $771 mln $230 mln non-core subsidiaries $442 mln Polar Division $99 mln Kola MMC - Non-Industrial Construction $394 mln Construction of non- industrial assets, health and recreational facilities, social programmes Energy and auxiliary facilities $358 mln $158 mln development of Pelyatka gas field ā– $131 mln - construction of railroad for Chita project Geological exploration, IT, R&D etc. $119 mln >$84 mln - geological prospecting in Polar Division & Zabaikalsk region >$30 mln - IT projects of Polar Division and Kola MMC Source: Company data NORILSK NICKEL 21 24
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