Preliminary results of MMC Norilsk Nickel under IFRS for 1H 2012

Norilsk Nickel, the world’s largest nickel and palladium producer, announces that estimated net profit of the Group under IFRS for 1st half of 2012 shall amount to more than USD 1.4 billion in accordance with the preliminary financial results.

As per preliminary estimates, in the reporting period revenue shall amount to more than USD 5.9 billion, EBITDA shall total USD 2.5 billion.

In general, despite macroeconomic headwinds in the first half of 2012, the Company has managed to safeguard solid profitability and demonstrate efficient cost management.

The Company intends to release full set of interim financial results for the first half of 2012 in accordance with IFRS after securing all necessary corporate approvals.

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-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.