ISS recommends MMC Norilsk Nickel shareholders to vote for Garreth Penny, Enos Banda and Gerhardus Prinsloo

<p>Moscow, February 21, 2013 — OJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel (hereinafter — MMC Norilsk Nickel or the Company) announces today that ISS Proxy Advisory Services (ISS) released its analysis and voting recommendations for the Extraordinary General Meeting (EGM) of MMC Norilsk Nickel shareholders to take place on March 11, 2013.</p>

<p>ISS recommends shareholders of MMC Norilsk Nickel to approve early termination of powers of Board of Directors of the Company and to support the election of independent non-executive directors Garreth Penny, Enos Ned Banda and Gerhard Prinsloo.</p>

<p>ISS analysts point out that of all the independent nominees, the aforementioned gentlemen are most capable of making impartial decisions that contribute to the benefits of all shareholders of the Company.</p>

<p>Garreth Penny is a new nominee to the Company’s Board. He is the Executive Chairman of New World Resources plc, one of Europe’s leading hard coal and coke producers Mr. Penny is aslo the former CEO of De Beers GroupPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary and has strong mining experience and expertise.</p>

<p>Enos Banda is an incumbent independent board member and the Chairman of the Audit Committee. He is former Head of Global Investment and Corporate Banking Department for sub-Saharan Africa at HSBC and has considerable experience in finance, as well as an understanding of International and Comparative law being a Doctor of Jurisprudence. Currently Mr. Banda serves as CEO of Freetel Capital.</p>

<p>Gerhardus Prinsloo is one of the incumbent independent board members. Mr. Prinsloo is the majority owner and director of Natural Resource Partnership, a company specialising in providing strategic and technical solutions to natural resource companies.</p>

<p>The management of the Company welcomes the opinion of ISS analysts.</p>

<p>All the materials for the EGM can be downloaded under the following link: <a href="http://www.nornik.ru/en/investor/shareholder/meeting/11march2013" target="_blank">http://www.nornik.ru/en/investor/shareholder/meeting/11march2013</a></p>

ABOUT THE COMPANY
PJSC “MMC “NORILSK NICKEL” is a diversified mining and metallurgical company, the world’s largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The production units of “NORILSK NICKEL” Group include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.

PJSC “MMC “NORILSK NICKEL” shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC “MMC “NORILSK NICKEL” ADRAmerican Depositary Receipt; a security representing partial ownership in deposited securities of a foreign company certified by receipts issued by a US depositary bankGo to the glossarys trade over the counter in the US and on the London and Berlin Stock Exchanges.

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