Norilsk Nickel announces the terms of shares acquisition

Norilsk Nickel announces that at its Meeting in absentia held on September 13, 2011, the Board of Directors of MMC Norilsk Nickel will consider the offer to purchase the Company’s shares from shareholders.

The offer envisages the acquisition of 14 705 882 MMC Norilsk Nickel’s ordinary registered non-documentary shares and/or ADRs, representing 7.71% of the Company’s authorized capital. The price of shares and/or ADRs to be purchased from shareholders shall be USD 306 per ordinary registered non-documentary share and USD 30.6 per ADR. These terms completely match the terms of the offer made to UC RUSAL with regard to the acquisition of 15% of the Company’s shares, which expired on September 5, 2011.

The amount allocated by MMC Norilsk Nickel for shares acquisition program totals USD 4.5 bln., its implementation will not affect the Company’s long-term strategic plans.

The Company acts in the best interests of shareholders, including ADR holders, and strives to provide all shareholders with equal access to the offer.