The management of Norilsk Nickel have discussed interim dividends

The management of Norilsk Nickel has found it is possible to direct up to $2.78 billion for the payment of interim dividends.

On October 31st, the Board of Directors of the company will discuss the question on the calling an extraordinary general meeting, concerning the payment of dividends for January-September 2014.

The opinion of the Board of Management shows the current stability of the financial state of the company and successful realization of its strategy, which made it possible to increase the free cash flow because of successfull costs reduction, the releas of some of the working capital and sale of non-core assets (inclusive of the African ones). The company will continue fulfilling its social and ecological obligations, as well as the volume of investments into production without any significant increase in the debt burden.