According to the official web-site of MMC Norilsk Nickel, CJSC Polus, a wholly-owned subsidiary of MMC Norilsk Nickel, announced that it has sold its entire stake in Gold Fields Limited, a company organized under the laws of the Republic of South Africa, consisting of 98,467,758 ordinary shares, at a price of 20.50 USD per share, on an agency basis through Goldman Sachs and Citigroup.

The sale is subject to conditions customary for transactions of this type and is scheduled to close on March 10, 2006.

Polyus intends to spend the net proceeds from the sale on various corporate projects, including the development of its significant Russian resource base.