Norilsk Nickel’s Management Board faces changes

At the scheduled meeting of the Board of Directors of MMC Norilsk Nickel the Board resolved to make changes to the composition of the Company’s Management Board and established that the Management Board shall be comprised of seven members.

Starting from 24.08.2012, powers of member of the Management Board of MMC Norilsk Nickel Viktor Sprogis have been terminated due to his resignation from the Company.

Elena Bezdenezhnykh, Deputy General Director – Head of Corporate Governance, Asset Management and Legal Unit of MMC Norilsk Nickel was elected member of the Management Board.

Thus, the Management Board of MMC Norilsk Nickel is comprised of the following members:

Vladimir Strzhalkovsky - General Director – Chairman of the Management Board

Elena Bezdenezhnykh - Deputy General Director – Head of Corporate Governance, Asset Management and Legal Unit

Dmitry Kostoev - Chief Financial Officer

Evgeny Muravyov - Director of the Polar Division of MMC Norilsk Nickel

Oleg Pivovarchuk - First Deputy General Director for External Economic Activities

Vyacheslav Poltavtsev - Deputy General Director for GR and Social Policy

Sergey Selyandin - General Director of Kola MMC

Brief biography:

Elena Bezdenezhnykh was born on August 13, 1973 in Norilsk, Krasnoyarsk Territory. She graduated from Krasnoyarsk State University with a degree in law. Started working in 1995 for Zavenyagin Norilsk Mining and Metallurgical Combine, climbing the ladder of service from legal adviser to Director of Corporate and Legal Department. In 2008, she was appointed Director of Legal Department of MMC Norilsk Nickel. In March 2012, she was assigned Deputy General Director – Head of Corporate Governance, Asset Management and Legal Unit. Her responsibilities include judicial defense of the Company’s rights as well as those of its subsidiaries and affiliates, forming the corporate pecuniary policy, ensuring the circulation of the Company’s securities and financial derivatives on the regulated and OTC securities markets.

ABOUT MMC NORILSK NICKEL

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company’s group in Russia are at the Taimyr and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel’s shares are traded at MICEX-RTS. ADR’s on the Company’s shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.