Denis Morozov takes up his appointment as General Derictor of MMC Norilsk Nickel

On April 3, 2007 Denis Morozov took up the post as General Director of MMC Norilsk Nickel. Mr. Morozov, previously Deputy General Director and Member of the Management Board of MMC Norilsk Nickel, was unanimously elected to the highest corporate position by the Board of Directors at their meeting on March 16, 2007.

‘The Company is a well operating entity today, – noted Denis Morozov.  Everything goes smoothly under the leadership of professional managers capable not only to set aggressive goals, but also to achieve impressive results. Continuing implementation of the corporate development strategy delivers the industry’s highest return to our shareholders in the form of dividend payments, multifold increase in share price, as well as equity interests in spun-off assets. Mr. Morozov  emphasized that all of the projects launched recently will be completed  .

Mikhail Prokhorov, whose resignation has been approved by the Board of Directors, will remain a shareholder and Member of the Board of Directors of MMC Norilsk Nickel.