OREANDA-NEWS. October 21, 2010. In course of preparation for the Extraordinary Meeting of Shareholders of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or Company) on October 21, 2010 (EGM), the Company deems necessary to inform of the following, reported the press-centre of Norilsk Nickel.

An opaque broker Fonmi and partners LLC filed a law suit to the Karsnoyarsk Arbitration Court with a request to void the results of the Annual General Meeting of Shareholders, which took place on June 28, 2010, and, as a provisional remedy, tried to impose the prohibition of voting by ADR holders, represented by the Bank of New York Mellon, at the upcoming Extraordinary Meeting of Shareholders on October 21, 2010, based on the regulations of the Russian Federal Law “On bankruptcy”. The court declined this request for provisional remedy.

In addition, the abovementioned company filed one more request to the Karsnoyarsk Arbitration Court asking again to impose security for a claim.

Moreover, the broker company Fonmi and partners LLC filed a law suit to the Moscow Arbitration Court with the intention to deem nil and void the transactions on sale of shares of the Company by OJSC “Kolskaya MMC” and OJSC “Norilsk Mining and Metallurgical Kombinat named after A.P. Zavenyagin” to the subsidiaries Cobriere Holdings and Raleigh Investments Inc, currently holding ADRs on shares of MMC Norilsk Nickel, and to prohibit the voting by ADR holders, represented by the Bank of New York Mellon.

As MMC Norislk Nickel already announced about potential provocations linked to the EGM, we deem these law suites to be an attempt to disrupt the EGM and destabilize the situation around MMC Norilsk Nickel by certain shareholders.