Board of directors decides to summon Extraordinary shareholder meeting on October 21, 2010

On August 6, 2010 OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) received a request to summon an extraordinary shareholder meeting from UC RUSAL Investment Management LLC owning more than 10% of the Company’s outstanding voting shares.

Today, the Board of Directors considered the request and decided to summon the in-person extraordinary meeting of shareholders on October 21, 2010.

The agenda of the shareholder meeting as approved by the Board of Directors includes following items:

1. Pre-term termination of powers of the Board members of MMC Norilsk Nickel.
2. Election to the Board of Directors of MMC Norilsk Nickel.

The Board of Directors decided that the list of persons eligible to participate in the Meeting will be compiled on the Register data as of September 10, 2010. In accordance with the Federal Law “On Joint Stock Companies” and by decision of the Board of Directors, the shareholders of MMC Norilsk Nickel with more than 2% of outstanding voting shares have the right to nominate candidates for the Board of Directors not later than by September 21, 2010.

The Board of Directors approved the text of the EGM Notice, in which the compliance of the Annual General Shareholder Meeting on June 28, 2010 with the current Russian legislation was stated.