OREANDA-NEWS. January 14, 2011. OJSC MMC Norilsk Nickel (the "Company") notes the information published on the web-sites of the relevant Russian courts that LLC UC Rusal Investment Management ("UC Rusal LLC") has filed three claims with the Commercial Court of the Krasnoyarsk Territory to the Company, its indirect wholly-owned subsidiary, Corbiere Holdings Limited ("Corbiere"), and other parties, apparently seeking to invalidate the offer to purchase commenced by Corbiere on December 29, 2010 and the sale of the Company's ADRs to Trafigura Beheer BV.  The Company notes that according to the information appearing on the referenced web-sites, UC Rusal LLC has also requested injunctions in respect of the claims filed.

The Company has not received copies of either the statements of claims or the injunctions requested.  However, it does not believe there is a basis for any such claims seeking to invalidate or enjoin the offer to purchase or the sale of ADRs and intends to contest any such claims vigorously.

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.