Federal arbitrage court of the East-Siberian district declared null and void legal actions committing OSJC MMC Norilsk Nickel to disclosures in favor of UC RUSAL

Moscow, 21 of February of 2012- OSJC MMC  NORILSK NICKEL (further on – Company) makes public that Federal Arbitrage Court of the East-Siberian district  had declared null and void legal actions committing  the Company  to disclosures in favor of UC RUSAL.

Back in December 2010, the UC RUSAL made a complaint to the Arbitrage of Krasnoyarsk Region demanding that the Company should present several documents. In March of 2011 the complaint was granted. However, the Company litigated the first instance court decision in the Third Arbitrage of Krasnoyarsk.

08.11.2011 - The Court of Appeal annulled the legal action of the first instance and  satisfied only some of the UC RUSAL claims. Of the 14 requested documents, the Third Arbitrage Court of Appeal obliged the Company to disclose only 4. The Company appealed against this verdict as well. The cassational appeal was submitted to the Federal Arbitrage Court of the East-Siberian district.

21.02.2012 - The Court of Cassational Instance annulled the earlier actions and directed the case for a reconsideration  to the first instance, having thus confirmed the illegal character of actions that were to force the Company to disclose the documents in the interest of UC RUSAL.
 

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, USA, 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.