MMC Norilsk Nickel to complete split of its depositary receipts

On February 4, 2008 the Board of Directors of MMC Norilsk Nickel (“Company”) instructed the Company management to execute a split of the Company’s depositary receipts. The Company plans to complete this split on February 19, 2008. This spilt is expected to improve the liquidity of the Company’s shares and broaden the shareholding base.

The Bank of New York Mellon, which is a depositary bank of MMC Norilsk Nickel, has established February 18, 2008 as the record date (the date of compiling the list of shareholders who are eligible to receive additional ADRs). The new ratio of ADRs to shares will be 1:10 in comparison with the present ratio 1:1.