Shareholders of MMC Norilsk Nickel approved dividends

MMC Norilsk Nickel (hereinafter – ‘Norilsk Nickel’ or ‘the Company’), the largest global nickel and palladium producer, announces today that its Annual General Meeting of Shareholders (the AGM) approved the consolidated 2012 IFRS financial reports and dividends for the year in the amount of RUB 400.83 per ordinary share.

Shareholders also approved reduction of the share capital by RUB 13,911,346 to RUB 158,245,476 by cancellation of 13,911,346 ordinary shares (8.08% of the share capital).

Another important item of the AGM agenda was the election of members of the Board of Directors of Norilsk Nickel. According to the preliminary voting results the following persons were elected to the Board of Directors:

• Sergey Barbashev - General Director and Chairman of the Managing Board, CJSC INTERROS Holding Company;

• Alexey Bashkirov - Executive Director for Investments and Asset Management, CJSC INTERROS Holding Company;

• Sergey Bratukhin - President, CIS Investment Advisers, LLC;

• Andrei Bougrov - Deputy General Director, Member of the Managing Board, CJSC INTERROS Holding Company;

• Marianna Zakharova - Deputy General Director for Legal Issues, Member of the Managing Board, CJSC INTERROS Holding Company;

• Valery Matvienko - Director, Alumina Division East, CJSC RUSAL Global Management B.V.;

• Stalbek Mishakov - Adviser to General Director, CJSC RUSAL Global Management B.V.;

• Gareth Penny - Executive Chairman of the Board, New World Resources Plc;

• Gerhardus Prinsloo - The majority owner and Director of Natural Resource Partnership;

• Maxim Sokov - Director for Strategic Investments Management, CJSC RUSAL Global Management B.V.;

• Vladislav Solovyev - First Deputy CEO, CJSC RUSAL Global Management B.V;

• Sergey Chemezov - CEO of RosTec Corporation, State Development, Advanced Industrial Products Production and Export Facilitation Company;

• Robert Edwards - head of Highcross Resources Ltd.

Additionally, the AGM approved a number of transactions, elected the Audit Committee and appointed the Company’s auditors for 2013.

Following the results of the AGM the first meeting of the newly elected Board of Directors was held. During the meeting Chairman of the Board of Directors and heads of key committees were elected. As before, Gareth Penny was elected Chairman of the Board of Directors and Andrei Bougrov was elected his deputy. Gerhardus Prinsloo was elected Chairman of the Audit Committee, Maxim Sokov - Chairman of the Strategy Committee, Sergey Bratukhin - Chairman of the Corporate Governance, Nomination and Remuneration Committee and Alexey Bashkirov - Chairman of the Budget Committee.