OREANDA-NEWS. On October 12, 2007 OJSC MMC Norilsk Nickel (‘MMC Norilsk Nickel’, ‘Company’) held the Extraordinary General Meeting of shareholders upon the request of a shareholder representing Onexim Group, reported the press-centre of Norilsk Nickel.

In accordance with preliminary results of voting, the shareholders voted against the early termination of the powers of the Board of Directors of MMC Norilsk Nickel. Thus the following members retained in MMC Norilsk Nickel Board of Directors:

Andrei E. Bougrov – Managing Director, Member of the Board of Directors of Interros Holding Company;

Vladimir I. Dolgikh – Chairman of the Management Board of the Krasnoyarsk Fellow-countrymen association;

Andrey A. Klishas – General Director, Chairman of the Management Board of Interros Holding Company;

Ralph T. Morgan – Deputy General Director, Member of the Management Board of MMC Norilsk Nickel;

Denis S. Morozov – General Director, Chairman of the Management Board of MMC Norilsk Nickel;

Ekaterina M. Salnikova – Deputy Director of the Finance department on corporate governance of Interros Holding Company;

Guy de Selliers – Chairman of the Board of Directors of HB Advisors/ Hatch Corporate Finance;
Kirill L. Ugolnikov – Director of Tax Department of CJSC Vneshjurkollegia;

Heinz S. Shimmelbusch – Executive Director, Partner and Founder of Safeguard International Fund L.P.

Mr. Klishas A.A. remains the Chairman of the Board of Directors.

In accordance with preliminary results and recommendations of the Board of Directors the shareholders also reelected members of the Revision Commission, approved the Regulations on the General shareholder’s Meeting of OJSC MMC Norilsk Nickel and participation of MMC Norilsk Nickel in the non-profit Russian Association of Employers National Alliance of Nickel and Precious Metals Producers.

The final results of the Extraordinary General Meeting will be disclosed in accordance with Russian legislation.