The Companys charter capital isto bereduced by23278 137shares.

The Diploma ofHonor was handed toOlga Golodets, Deputy General Director ofMMC Norilsk Nickel, byAlexander Zhukov, Chairman ofthe Steering Committee and Vice Chairman ofthe Russian government.

Proved and probable ore reserves inthe Taimyr Peninsula contain 62million ounces ofpalladium and 16million ounces ofplatinum.

The upgrade inthe National Long-term rating and the change inrating Outlooks reflect the growth and diversification ofRosbanks business, following the integration with OVK banks, acquired byInterros in2003.