Investor Presentaiton

Norilsk Nickel - Market Positions by Production in 2012 Norilsk Nickel is world leader in nickel and palladium production with strong positions in platinum, copper, cobalt and rhodium Nickel 17% 300 200 100 0 NN 13% 7% = 100% 1,760 kt Palladium = 100% 6,653 koz Platinum = 100% 6,081 koz 3000 3000 41% 39% 6% 6% 1000 4% Vale Jinchuan Xstrata BHP Copper 2000 1000 10% 10% 6% 5% 4% 4% 0 Freeport Codelco BHP Source: Notes: Xstrata 1 Cobalt metal NORILSK NICKEL SMM 2000 2000 21% 15% 1000 6% 5% 4% 0 NN Angloplats Implats Stillwater Lonmin Vale 0 24% 12% 11% Angloplats Implats Lonmin 100% 16,720 kt Rhodium 100% = 703 koz Cobalt 1 13% 44% 300 4000 Antofag A.American NN 29% 200 2% 100 0 Angloplats Implats Lonmin 14% 13% 4% NN Northam GFMS, Brook Hunt, CRU, companies' results announcements, Norilsk Nickel Marketing Department, estimates from company reports 2000 NN 3% 2% Northam Vale = 100% 37,520 kt 7% 7% 6% 6% 6% 6% Chambishi Xstrata Jinchuan Sumitomo Minara NN Sherritt 7

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