MININGAND METALLURGICALPolar DivisionMedvezhy Ruchey(100% stake)Kola MMC (100% stake)GRK Bystrinskoye(50.01% stake)Nkomati Nickel Mine(South Africa, 50% stake)Norilsk Nickel Harjavalta OY(Finland, 100% stake)ENERGYNorilskenergo DivisionNTEK (100% stake)Norilskgazprom(100% stake)TTK (100% stake)Norilsktransgaz(100% stake)Arctic-Energo (100% stake)TRANSPORTPolar Transport DivisionMurmanskTransport DivisionArkhangelskTransport DivisionKrasnoyarskTransport DivisionBystrinskyTransport DivisionYenisey River ShippingCompany (81.99% stake)Krasnoyarsk River Port(89.3% stake)Norilsk Airport(100% stake)NordStar Airlines(100% stake)Nornickel- Yenisey RiverShipping Company (100%)Norilsk Avia (100% stake)Lesosibirsk Port (51% stake)RESEARCHGipronickel Institute(100% stake)SALES AND DISTRIBUTIONNORMETIMPEX (100% stake)Metal Trade Overseas SA(Switzerland, 100% stake)Norilsk Nickel (Asia) Limited(Hong Kong, 100% stake)Norilsk Nickel USA Inc.(USA, 100% stake)Norilsk Nickel Metals Trad-ing(Shanghai) Co., Ltd.(China, 100% stake)SUPPORTING BUSINESSNorilsk Support Complex(100% stake)Polar Construction Company(100% stake)Norilsknickelremont(100% stake)Pechengastroy(100% stake)Nornickel – SharedServices Centre(100% stake)GEOLOGICALEXPLORATIONNorilskgeologiya(100% stake)Vostokgeologiya(100% stake)THE GROUPSTRUCTURE:MAIN ASSETS100% of shares are owned by the government. Precious metals are refined from raw materials produced by the Polar Division and Kola MMC under a tolling agreement.1

1 100% of shares are owned by the government. Precious metals are refined from raw materials produced by the Polar Division and Kola MMC under a tolling agreement.