Norilsk Nickel publishes IFRS 2010 financial statements

MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announces publication of Consolidated Financial Statements for FY 2010 prepared in compliance with international standards.

MMC Norilsk Nickel’s Financial Statements available on the Company’s web-site are audited by KPMG.

Annual Financial Statements were approved by the Company’s Board of Directors on August 8, 2011.

In 2010, the Group entered into share purchase and written call option agreements related to the Company’s treasury stock in the form of ADR, with a number of offshore companies selected by Trafigura Beheer B.V. (Trafigura). The aforementioned agreements represent the sole and complete terms and conditions of the transactions involving disposal of the above treasury stock.

According to the information provided by Trafigura, the purchaser in the stated transactions, these companies were chosen as legal entities to enter into the abovementioned transactions with the Group, and acted for the benefit of Trafigura.

As requested by the auditor, based on materials received from Trafigura and shareholders significantly influencing the Group, the Company has provided the information confirming the purchasers’ non-affiliation with the Group through any of the shareholders that could significantly impact or control the Group, as well as on nonexistence of any additional agreements or deals related to the transaction.

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 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 at MICEX and RTS. ADRs on the Company’s shares are traded at over the counter market in the US and at the London and Berlin stock exchanges.