Norilsk Nickel defended its position in court

MMC Norilsk Nickel announces that Moscow Arbitration Court rejected UC RUSAL LLC’s claim to find the ruling of FFMS of Russia illegal. According to this ruling, the service rejected UC RUSAL LLC’s request to initiate proceedings against MMC Norilsk Nickel in relation to administrative violations.

According to the plaintiff, FFMS should have initiated an administrative case against the Company in relation to the Company’s failure to provide UC RUSAL Investment Management LLC with the list of persons eligible for participation in the extraordinary general meeting of shareholders, held on 01.02.2012.

FFMS of Russia refused to initiate a case due to the fact that the request UC RUSAL Investment Management LLC filed to receive the list of persons included violations of the current legislation.

Believing that its rights have been violated, UC RUSAL Investment Management LLC sent its request to the arbitration court to find FFMS’s ruling illegal.

As the result of a full and comprehensive examination of the subject, arbitration court concluded that plaintiff’s claims concerning violation of its rights have no basis in law; administrative body’s refusal to initiate the case is justified whereas the actions of MMC Norilsk Nickel fully complied with the legal requirement and consequently, the event of administrative violation is absent.

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 Taimyr 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.