OREANDA-NEWS. On December 14, 2007 MMC Norilsk Nickel (Norilsk Nickel, the Company) held the Extraordinary General Meeting of the Company’s shareholders on reorganization of the Company through a spin-off of non-core energy assets, reported the press-centre of Norilsk Nickel.
 
Preliminary voting results show that the spin-off proposal was not supported by the required quantity of shareholders’ votes.

Denis Morozov, MMC Norilsk Nickel General Director, said: “The overwhelming majority of shareholders highly appreciate the efforts of the management related to the energy assets spin-off project. Even though the number of supportive votes is insufficient, we still believe this project is one of the best ways of developing Norilsk Nickel’s non-core energy assets in terms of creating additional value for shareholders of the Company. In view of today’s voting results, Norilsk Nickel management team will propose in the nearest future alternatives to the Board of Directors as regards further management of these assets including the option of their disposal.”

Final voting results will be published in accordance with Russian legislation in force.