Investor Presentaiton

Revenue and EBITDA Dynamics Revenue սլա $ 8,542 12,775 649 14,122 825 12,065 1,004 467 13,297 12,126 11,061 8,075 2009 2010 Metal sales 2011 Other sales 2012 ◉ ■ ◉ Revenue decreased by 15% in 2012 y-o-y due to decrease in market prices of base and precious metals produced by the Group: Average Ni LME price down by 23% Average Cu LME price down by 10% Average Pd LPPM price down by 12% Average Pt LPPM price down by 10% EBITDA & EBITDA margin սլա $ 7,209 7,239 41% Metals sales volumes remained almost unchanged y-o-y: Ni sales went up by 1% Cu sales decreased by 3% Pt & Pd physical volume of sales decreased by 1% due to lower metal output EBITDA amounted to $4.9 billion with a healthy margin of 41% 51% 4,932 4,198 56% 49% 2009 2010 2011 2012 Source: Company data NORILSK NICKEL 16

View entire presentation