OREANDA-NEWS. On October 15, 2008 In response to the request from Gershvin Investments Corp. Limited (“Gershvin”), a subsidiary of United Company Rusal Limited, the Board of Directors of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or the “Company”) decided to convene an Extraordinary General Meeting of shareholders of the Company (EGM) on 26th December, 2008 in accordance with Russian legislation and based on the date of Gershvin’s request for EGM, reported the press-centre of Norilsk Nickel.

The following items are included in the agenda of this meeting:

1. Early termination of powers of the members of the Board of Directors of MMC Norilsk Nickel;

2. Election of members of the Board of Directors of MMC Norilsk Nickel in accordance with applicable legislation and internal documents of MMC Norilsk Nickel.

The record date for the EGM is 15th October, 2008.

The shareholders of MMC Norilsk Nickel owning at least 2% of voting shares have the right to nominate candidates to the Board of Directors of the Company to be elected at the EGM by notifying their nominations to MMC Norilsk Nickel on or prior to 26th November, 2008.

The Board of Directors of MMC Norilsk Nickel will provide its voting recommendations to the shareholders as to the EGM agenda in due course.