OREANDA-NEWS. December 31, 2010. ОJSC MMC Norilsk Nickel (“Norilsk Nickel” or “Company”) finds it necessary to state as follows.

An allegation by the management of Rusal about Glencore’s offer to Norilsk Nickel regarding the purchase of securities owned by the Company’s subsidiaries is not true. No offers of such kind were ever received by the Company from Glencore.

Therefore, Norilsk Nickel suggests that mass media and expert community always verify information on the Company’s activities provided by Rusal officials. Their representations have been repeatedly found either inaccurate or inconsistent or not corresponding to the reality.

ABOUT MMC NORILSK NICKEL:

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, USA, Australia, Botswana and South Africa.

MMC Norilsk Nickel’s shares are traded at MICEX and RTS. ADR’s on the Company’s shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.