Securities

Nornickel shares have been traded in the Russian stock market since 2001. Since 2014, the shares are included on the First Level quotation list of the Moscow Exchange (ticker: GMKN).

American depositary receipts (ADRs)

ADRs to represent Nornickel shares were issued in 2001. At the end of 2021, shares are convertible into ADRs at a ratio of 1:10. The number of ADRs traded on stock exchanges is not constant, as depositary receipt holders may convert their securities into shares and vice versa.

IRC – R.O.S.T. is the Company’s registrar. Shareholders, including those owning shares via nominee holders, can participate in general meetings via e-voting ballots by using the Shareholder’s Personal Account service developed by the registrar. To get access to the Personal Account, shareholders need to contact an IRC – R.O.S.T. office. Retail shareholders with a verified Public Services Portal account can access their personal account remotely. The access procedure for the Shareholder’s Personal Account is detailed on the registrar’s website. Shareholders can also use the Shareholder.online mobile app to remotely attend meetings of shareholders, submit questions, and vote.

Bonds

In 2021, Nornickel successfully completed a USD 500 million eurobond issue maturing in 2026 and locked in a 2.80% coupon, the lowest spread ever to mid-swap rates / US Treasury yields for its USD-denominated issues.

As of the end of 2021, Nornickel had six eurobond issues outstanding for a total of USD 4.25 billion and one rouble exchange-traded bond issue for a total of RUB 25 billion.