OREANDA-NEWS. On May 26, 2008 at its meeting the Board of Directors of MMC Norilsk Nickel (the Company) decided to convene the Annual General Meeting of shareholders of the Company on June 30, 2008 with the following Agenda, reported the press-centre of Norilsk Nickel:

1. Approval of the annual report, annual accounting statements including the profit-and-loss statement, and distribution of profits and losses of MMC Norilsk Nickel for 2007.

2. Dividends payable on the shares of MMC Norilsk Nickel for 2007.

3. Elections to the Board of Directors of MMC Norilsk Nickel.

4. Elections to the Revision Commission of MMC Norilsk Nickel.

5. Approval of the Auditor of the Russian accounting statements of MMC Norilsk Nickel.

6. Amendments to the Charter of MMC Norilsk Nickel.

7. Amendments to the Regulations on the Board of Directors of MMC Norilsk Nickel.

8. Remuneration and reimbursement of expenses incurred by members of the Board of Directors of MMC Norilsk Nickel.

9. The value of property being the subject of Indemnity Agreements with members of the Board of Directors and Management Board of MMC Norilsk Nickel.

10.  Approval of the interrelated interest party transactions whereby members of the Board of Directors and Management Board of MMC Norilsk Nickel shall be indemnified against damages.

11. The cost of liability insurance services for members of the Board of Directors and the Management Board of MMC Norilsk Nickel.

12. Approval of the interest party transaction related to liability insurance for members of the Board of Directors and Management Board of MMC Norilsk Nickel.

The Board also established May 26, 2008 as a register closing date for the purposes of drawing up a list of shareholders eligible to participate in the Annual General Meeting of shareholders of the Company.

The recommendations of the Board of Directors on the issues of the Agenda including the recommendations on the amount of dividend on the shares of MMC Norilsk Nickel for the year 2007 will be defined on the next meeting of the Board of Directors in the end of May - beginning of June this year.

The materials for the Annual General Meeting of shareholders of MMC Norilsk Nickel will be available in the Company’s Registrar offices – ZAO National Registry Company and published on the Company’s web-site www.nornik.ru starting from June 9, 2008.