MMC Norilsk Nickel : Shareholders of MMC Norilsk Nickel elected new Board of Directors

 MMC Norilsk Nickel : Shareholders of MMC Norilsk Nickel elected new Board of

March 11, 2013, Moscow - Shareholders of OJSC MMC Norilsk Nickel  (hereinafter 
- MMC Norilsk Nickel or the Company) have voted in favor of early  termination 
of powers of  the Company's  Board of  Directors and  elected a  new Board  of 
Directors in  the  course of  today's  Extraordinary General  Meeting  of  the 
Company's Shareholders (hereinafter EGM).

The following members have been voted in as a result of the EGM:

· Enos Ned Banda, Founder and Chief Executive Officer, FREETEL Capital

· Sergey Barbashev, General Director, Chairman of the Managing  Board, 
CJSC INTERROS Holding Company;

· Alexey  Bashkirov,  Executive  Director for  Investments  and  Asset 
Management of CJSC INTERROS Holding Company;

· Sergey Bratukhin, President, CIS Investment Advisers, LLC;

· Andrey Bougrov,  Deputy General  Director, Member  of the  Managing 
Board of CJSC INTERROS Holding Company;

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

· Valeriy  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 

· Gerhardus  Prinsloo, Director,  majority owner  of Natural  Resource 
Partnership LLC;

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

· Vladislav Solovyev, First Deputy  CEO, CJSC RUSAL Global  Management 

· Sergey  Chemezov,  CEO  of RosTec  Corporation,  State  Development, 
Production and Export Facilitation of Advanced Industrial Products Company.

The first meeting of the newly  elected Board followed the EGM. The  Directors 
jointly appointed Gareth Penny as Chairman  of the Board of Directors,  Andrey 
Bougrov was elected as Deputy Charman of the Board. There were also  appointed 
chairpersons of the Board Committees: Gerhardus Prinsloo, Maxim Sokov,  Sergey 
Bratukhin, and Alexey Bashkirov will  chair the Audit Committee, the  Strategy 
Committee, the Corporate Governance, Nomination and Remuneration Committee and
the Budget Committee respectively.

Gareth Penny outlined: "The newly elected Board of Directors of Norilsk Nickel
includes 5 independent non-executive directors out of 13 Members. The position
of the Chairman of the Board is now occupied by an independent Director.  Such 
number of independent  directors guarantees  that the decisions  of the  Board 
will be impartial  and will  serve the interests  of all  shareholders of  the 
Company. I  believe  that  MMC  Norilsk  Nickel  has  a  great  potential  for 
development. The settlement  of a  dispute between  major shareholders  should 
provide  the  Company  with  a  solid  platform  for  further  improvement  of 
strategic, operational  and  corporate  governance issues.  We  as  the  Board 
members will do our best to  ensure stability of the Company's operations  and 
increase its long-term value for shareholders."
For further information, please, contact:

Media Relations:          Investor Relations:
Phone: +7 (495) 797 82 94 Phone: +7 (495) 786 83 20
Email:  Email:


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 Polar and
Kola Peninsulas. MMC Norilsk Nickel international assets include operations in
Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel's shares  are traded on the  Moscow Exchange. ADR's on  the 
Company's shares are traded on the other  the counter market in the US and  on 
the London and Berlin stock exchanges.


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Source: MMC Norilsk Nickel via Thomson Reuters ONE
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