OREANDA-NEWS. June 11, 2010. OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) has been acknowledged that RiskMetrics Group ISS Proxy Advisory Services (RiskMetrics/ISS) released its analysis and voting recommendations for the Annual General Meeting (AGM) of MMC Norilsk Nickel shareholders, which will take place on 28 June 2010. RiskMetrics/ISS is the world’s leading independent corporate governance and proxy voting advisory service providing voting recommendations to over 1,700 major institutional funds, mutual funds and asset managers, reported the press-centre of Norilsk Nickel.

On Item 5 of the AGM’s agenda – the election of Directors to the Board, RiskMetrics/ISS recommended that shareholders cumulate all their votes for Independent Directors Bradford Alan Mills and John Gerard Holden and not vote for any other candidate. The RiskMetrics/ISS analysis states that “…they both would bring valuable experience to the company's board, Mills as a mining executive, and Holden as a professional with both mining and finance expertise”. Once again RiskMetrics/ISS repeated high importance of election of independent non-executive directors, who are “most capable of making impartial decisions, taking into consideration first and foremost the rights and value of the company's shareholders”.

On this item of the AGM agenda, RiskMetrics/ISS recommendations coincide with the recommendations of Company’s Board, acknowledging extensive experience, deep industry understanding and role in elaboration of strategic priorities of MMC Norilsk Nickel by independent non-executive directors.

RiskMetrics/ISS also recommended that MMC Norilsk Nickel shareholders approve Annual report of the Company (item 1), financial statements for 2009 (item 2), distribution of profit and losses for 2009 (item 3); adopt the decision to pay dividends in the amount of 210 RUR per ordinary share (item 4); approve Rosexpertisa as an auditor under Russian accounting standards (item 7). RiskMetrics/ISS recommended that shareholders vote for items from 9 to 12 related to Directors & Officers liability insurance, as well as to approve interested party transaction (item 13).

All the materials for the AGM are disclosed at the following address of MMC Norilsk Nickel web site: http://www.nornik.ru/en/investor/shareholder/meeting/28-06-2010/