OREANDA-NEWS. June 06, 2011. OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) has been acknowledged that ISS Proxy Advisory Services (ISS) released its analysis and voting recommendations for the Annual General Meeting of MMC Norilsk Nickel shareholders, which shall take place on 21th June 2011, reported the press-centre of Norilsk Nickel.

ISS recommends shareholders of MMC Norilsk Nickel to support independent non-executive directors  Bradford Alan Mills and Enos Ned Banda.

ISS analysts explained their position mostly by the fact that of all the independent candidates, these two possess the most valuable experience, suggesting they would best be able to meaningfully contribute to the board’s discussions, and add value for shareholders.

According to ISS analysis, Bradford Mills, one of the incumbent independent board members and the chairman of the strategy committee, has proven both his experience and his independence during his service as a director. ISS supposes, that as an incumbent, he is ideally positioned to continue the work of the board and the committees uninterrupted. Bradford Mills has spent his career as a mining executive. He served as CEO of Lonmin PLC, a platinum producer, from 2004 to 2008. Prior to this, he served as CEO of the Base Metals division of BHP Billiton.

Enos Banda, a former Head of Global Investment and Corporate Banking Department for sub-Saharan Africa at HSBC, has considerable experience in finance, as well as an understanding of International and Comparative law being a Doctor of Jurisprudence. ISS believe that Dr. Banda’s extensive experience working in various capacities in South Africa could be of unique benefit to the Company in the implementation of perspective projects on developing mineral resources base as it expands its operations there.

The management of the Company welcomes the opinion of ISS analysts, while noting that the Board of MMC Norilsk Nickel recommended to vote in favor of independent candidates.

All the materials for the AGM can be downloaded under the following link: http://nornik.ru/en/investor/shareholder/meeting/21-06-2011.