OREANDA-NEWS. October 22, 2010. Extraordinary General Meeting of Shareholders (“EGM”) of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “the Company”) took place in Moscow, reported the press-centre of Norilsk Nickel.

The agenda of the shareholder meeting as approved by the Board of Directors on August 11, 2010, included following items:

1. Pre-term termination of powers of the Board members of MMC Norilsk Nickel.

2. Election to the Board of Directors of MMC Norilsk Nickel.

Voting results:
The majority of shareholders, following the recommendations of the Board of Directors, voted against on the first item of the EGM agenda to disapprove pre-term termination of the powers of the Board members elected at the Annual General Meeting of shareholders (the AGM), which was held on June 28, 2010. Thus the members of the Board remain the same:

1. Boris Bakal, Consultant of Interros International Investments Limited

2. Andrey E. Bougrov, Managing Director, CJSC INTERROS Holding Company

3. Oleg V. Deripaska, General Director of CJSC RUSAL Global Management B.V.; General Director of Basovy Element Company LLC; Chief Executive Director of UC RUSAL

4. Marianna A. Zakharova, Director of Legal Department, CJSC INTERROS Holding

5. Andrey A. Klishas, President, OJSC MMC Norilsk Nickel

6. Dmitry R. Kostoev, Deputy General Director, Head of Economics and Finance Business Unit, member of the Management Board of MMC Norilsk Nickel

7. Bradford Alan Mills, General Director of Mandalay Resources; Executive Director of Plinian Capital

8. Oleg M. Pivovarchuk, First Deputy General Director – member of the Management Board of MMC Norilsk Nickel

9. Maxim M. Sokov, Deputy General Director for Strategy and Corporate Development, CJSC RUSAL Global Management B.V.

10. Vladislav A. Soloviev, First Deputy Director, Branch of CJSC RUSAL Global Management B.V.

11. Vladimir I. Strzhalkovsky, General Director – Chairman of the Management Board of MMC Norilsk Nickel

12. Vasily N. Titov, First Vice President – Chairman of the Management Board of OJSC VTB Bank

13. John Gerard Holden, Chairman, Verivox Ltd, GCM Resources Plc.; advisor, Rockbury Capital FZ LLC (Private)

According to preliminary results 66795156 votes or 37.88% of those present at the EGM voted for on the first item of the EGM agenda, 82701605 votes or 46.9% of those present at the EGM voted against, and 728691 votes or 0.41% of those present at the EGM abstained.

The calculation of votes was conducted by the registrar in the presence of FSFM representatives. The EGM was held in full compliance with the current legislation of the Russian Federation and regulations of the Company.

The current Board of Directors represents the interests of all shareholders of MMC Norilsk Nickel.