OREANDA-NEWS. March 16, 2011. Pursuant to article 225.4 of the Code of Arbitration Procedure of the Russian Federation and par. 4 of the decision of the Arbitration Court of the Krasnoyarsk Territory dated March 4, 2011 in terms of disclosure of information on the dispute and respective participation rights OJSC MMC Norilsk Nickel (hereinafter – Company) states the following, reported the press-centre of Norilsk Nickel:

In accordance with the decision of the Arbitration Court of the Krasnoyarsk Territory dated March 4, 2011 a review procedure was initiated related to the claim of UC Rusal Investments Management LLC No. А33-267/2011 to OJSC MMC Norilsk Nickel, Corbiere Holdings Limited on the following:

- to invalidate the public offer of Corbiere Holdings Limited to acquire ordinary registered shares of OJSC MMC Norilsk Nickel or American Depositary Receipts certifying the rights to such shares in the amount of no more than 11,904,000 ordinary shares of OJSC MMC Norilsk Nickel (including ordinary shares and American Depositary Receipts in any combination) at the price of USD252 per an ordinary share (equivalent to that amount in Rubles) or USD25.20 per an American Depositary Receipt;

- to oblige OJSC MMC Norilsk Nickel to eliminate the admitted infringement by issuing instructions to subsidiary company - Corbiere Holdings Limited to withdraw the public offer to acquire ordinary registered shares of OJSC MMC Norilsk Nickel or American Depositary Receipts certifying the rights to such shares in the amount of no more than 11,904,000 ordinary shares of OJSC MMC Norilsk Nickel (including ordinary shares and American Depositary Receipts in any combination) at the price of USD252 per an ordinary share (equivalent to that amount in Rubles) or USD25.20 per an American Depositary Receipt.

As a legal basis for his claim, the plaintiff specified article 1, article 10, par.1 of article 105, article 168, article 1193, article 1202 of the Civil Code of the Russian Federation; par.2 of article 6, par.3 of article 72 of the Federal Law on Joint Stock Companies; par.14, part 1 of article 9; part 2 of article 9 of the Competition Law of the Russian Federation.

Preliminary court hearing where the parties involved in the case are to be present will take place on April 4, 2011 at 16:00 at the following venue: Hall 310, 1 Lenina str., Krasnoyarsk.