Norilsk Nickel: Rusal claims are unreasonable

The Company has not received copies of either the statements of claims or the injunctions requested.  However, it does not believe there is a basis for any such claims seeking to invalidate or enjoin the offer to purchase or the sale of ADRs and intends to contest any such claims vigorously.

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, USA, Australia, Botswana and South Africa.
MMC Norilsk Nickel’s shares are traded at MICEX and 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.