OREANDA-NEWS. August 19, 2011. The scheduled in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter: MMC Norilsk Nickel or the Company) took place. The agenda consisted of a single item: announcement of the public offer to purchase securities of MMC Norilsk Nickel from the Company’s shareholders and holders of the Company’s ADRs at the price determined considering conditions offered to UC Rusal, reported the press-centre of Norilsk Nickel.

Having reviewed the issue, the Board of Directors deemed the announcement of the public offer appropriate.

As proposed by the Company’s General Director Vladimir Strzhalkovsky, the Company’s management team was instructed to ensure the following before the aforementioned decision is executed:

- an offer to purchase the Company’s shares (hereinafter referred to as the offer) shall be made to UC Rusal within 10 days of the meeting of the Board of Directors;

- before making the offer, the number and the price of shares to be purchased, which is determined considering recommendations of independent business-consultants, shall be submitted to the Company’s Board of Directors for consideration;

- the offer shall remain valid 10 days from the date of its receipt.