Based on the materials from the official web-site of the company.

The Federal Financial Markets Service (FFMS) has informed MMC Norilsk Nickel that it resolved on December 12, 2006 to consolidate issues No.1-04-40155-F and No. 1-05-40155-F of ordinary registered non-documentary shares of MMC Norilsk Nickel.

The Company requested that FFMS approve the consolidation of these issues of shares based on the Resolution by Federal Commission for Markets Service dated April 1, 2003 No. 03-18/пс On the Procedure of Consolidation of Additional Issues of Securities.

Shares of these two issues had identical par values and guaranteed their owners identical sets of rights. It means that the outstanding stock of the Company remains the same at 190,627,747 shares with par value of 1 ruble per share. The state registration number for the consolidated issue is 1-01-40155-F.

“We initiated the consolidation because the circulation of two share issues had caused difficulties for market players. We are happy that jointly with the Federal Financial Markets Service we have managed to resolve this technical issue”, says Dmitry Usanov, Head of Investor Relations at the Company.

The new state registration number will be automatically assigned to the shares of the two outstanding issues and shareholders of the Company will not have to make any relevant efforts.