Investor Presentaiton

Unique Mineral Resource Base Norilsk Nickel possesses extensive mineral resources based on the deposits of the Norilsk industrial region, as well as the Kola peninsula, and international assets in Southern Africa and Australia Norilsk Nickel is one of the leading companies in the world in terms of quality and quantity of nickel sulphide ore resources ■The Talnakh ore deposit at Taimyr Peninsula has a unique geology with high grades of multiple metals ■ At current level of production, Norilsk Nickel's average mine life exceeds 60 years Nickel (mln t) Copper (mln t) 5.96 (c. 12% of global) 8.06 Proven and probable 13.25 Measured and indicated Proven and probable 16.65 Measured and indicated Palladium* (min oz) 56.59 Proven and probable 136.36 Measured and indicated Platinum* (mln oz) 15.02 Proven and probable 38.93 Measured and indicated P&P Reserves of Nickel Ore* 8 6.9 6.0 min tonnes CO 2 *Excludes international assets P&P Reserves by Geography Australia 13% South Africa 3.0 17% 1.8 1.1 Vale Norilsk Nickel Xstrata** SMM BHP Billiton Kola Peninsula 23% M&I Resources by Geography Polar Division 47% Polar Division 53% Source: Companies reports Source: Note NORILSK NICKEL Norilsk Nickel calculations, companies' reports, data from 2012 Data for Norilsk Nickel Group includes 4.5 mln tonnes of nickel attributable to Polar Division Proven and Probable Reserves and additional Measured, Indicated and Inferred resources are stated on 100% consolidated basis *Peer group dating back to 2012 **Xstrata figure dates back to 2011 Kola Peninsula 8% South Africa 10% Australia 19% Botswana 9% 3

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