Norilsk Nickel Board approves recommendations to vote for remuneration of independent directors at EGM

The in-person meeting of the Board of Directors of MMC Norilsk Nickel (the Company or Group) was held today. The Board decided to hold two extraordinary general meetings of the Company’s shareholders (voting in-absentia).

On February 1 2012, the EGM will consider the introduction of amendments to the Company’s Charter. The amendments should bring the criteria of directors’ independence in accordance with best international corporate practice.

On February 3, 2012, the EGM will consider following agenda item: “Remuneration and reimbursement of expenses of independent directors – members of the Board of MMC Norilsk Nickel”. The Board of Directors recommended shareholders to approve remuneration of the independent directors as proposed at the Company’s AGM in 2011.


ABOUT MMC NORILSK NICKEL:

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel’s shares are traded at MICEX and RTS. ADRs on the Company’s shares are traded at over the counter market in the US and at the London and Berlin stock exchanges.