Norilsk Nickel increases tax payments

Norilsk Nickel informs on its activities relating to social and economic development of territories where main production assets of the Company are located.

MMC Norilsk Nickel is a important contributor to social and economic development of the Company habitat territories. The Group is a major tax payer and employer, and the majority of the Group’s companies are principal employers and mainstay of entire towns.

MMC Norilsk Nickel is registered in the Russian Federation, and holds its core business there. Therefore, the Company pays all taxes in Russia and contributes heavily to the development of regional economy. In 2011, the Group paid a total of about RUB 100 billion of taxes to the budgets of all levels.

In 2011, Norilsk Nickel Group paid almost RUB 43.5 billion (in form of taxes) to the consolidated budget of Krasnoyarsk Region. That is 3.5% more than in 2010. Tax payments of the Company comprised 30% of all tax revenues to the budget of Krasnoyarsk Territory. Norilsk municipal entity received RUB 7.5 billion from these funds, and Taimyr (Dolgano-Nenets) municipal district – RUB 0.28 billion.

Murmansk Transport Division and Kola MMC transferred in total over RUB 10 billion of taxes to the consolidated budget of Murmansk Region in 2011. Taken together, taxes from the Group’s companies made about a third of the total consolidated budget of Murmansk Region.

The Company transferred about RUB 30 billion (RUB 16.3 billion in 2010) of taxes to the federal budget. Furthermore, the Company paid a total of RUB 11.4 billion of insurance contribution to the state non-budgetary funds, which is 4 times more than in 2010.

The Company's contribution into social and economic development within its areas of operation is also provided in the form of public-private partnership, support of significant social projects and programs implemented by the federal and local government structures.

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-RTS. ADR’s on the Company’s shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.