MMC Norilsk Nickel’s annual report has been declared the winner in the yearly annual reports competition organised by the ratings agency “Expert RA” and supported by PricewaterhouseCoopers Company. Norilsk Nickel’s annual report for 2004 was awarded the top spot in the “Quality of Information” category.

MMC Norilsk Nickel also won the category for the company with the best annual report in the “Russian Leaders in Corporate Governance - 2005” competition for the second year in a row. The organisers of this competition are the Russian Investor Protection Association, which is made up of around thirty leading Russian and foreign investment companies and banks.

In the words of Dmitry Usanov, the head of the company’s investor relations department: “We are pleased that our ongoing efforts to maintain and improve our work with investors have been acknowledged by the investment community. We intend to continue further with our efforts, which are aimed at increasing the market capitalisation of MMC Norilsk Nickel as well as further improving the standards of corporate governance on the Russian stock market”.