Moscow, December 14, 2015 - The Board of Directors of OJSC MMC Norilsk Nickel (hereinafter, 'Norilsk Nickel' or the 'Company'), the leading global nickel and palladium producer, approved the Company's budget for 2016.

The 2016 budget has been prepared in line with Norilsk Nickel's corporate strategy approved in 2013, which put the focus on the development of Tier-1 assets, generating return on invested capital and providing for the Company's sustainable development including the realization of major HSE initiatives. Moreover, the 2016 budget incorporates new cost savings and improvement in operational efficiencies program, which was announced by the management in 4Q2015.

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