Based on materials from the official web-site of MMC Norilsk Nickel.

On February 17, 2006 MMC Norilsk Nickel held an Extraordinary General Meeting of shareholders. Pursuant to the decision of the Board of Directors dated December 16, 2006 the agenda of the EGM was as follows:

- Decrease in the MMC Norilsk Nickel’s charter capital through the redemption of shares that were purchased and bought-back by the Company;

- Amendments to the Charter of MMC Norilsk Nickel;

- Amendments to the Regulations on the Board of Directors of MMC Norilsk Nickel.

The shareholders voted for on all items of the agenda in accordance with the recommendations of the Board of Directors. Thus the charter capital of MMC Norilsk Nickel is to be decreased by 23 278 137 shares and reach 190 627 747 ordinary shares with nominal value of 1 Rouble per share.

The Company’s charter capital is to be reduced by 23 278 137 shares through the redemption of:

- 12 478 704 shares that had been purchased by the Company in December, 2004 - February, 2005 pursuant to the Board of Directors’ decision of December 2, 2004; and

- 10 799 433 shares that had been bought back by MMC Norilsk Nickel following the reorganization of the Company in the form of spin-off in November – December, 2005.