Norilsk Nickel signedbilateral unsecured credit lines for the total amount of US$ 750 million

The funds will be partially used to refinance short term indebtedness and will enhance the Company’s medium term liquidity. Net Debt will remain unchanged.

“Despite strong financial position and solid cash reserves Norilsk Nickel continues optimizing its debt structure and repayment profile in accordance with the financial policy supporting the execution of the new Company’s strategy. These lines will extend the average debt maturity while the average cost of debt will decrease. The support and commitment of our relationship banks in the current turbulent market environment confirms our status of a first class reliable borrower with investment grade credit metrics.” – noted Sergey Malyshev, CFO of the Company.