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Investor Presentaiton

A New Shareholder Structure From December 2012, Interros and UC Rusal have a signed agreement with Crispian Investment Limited Key Takeaways Crispian is to become a new significant shareholder of Norilsk Nickel by purchasing shares from Interros and UC Rusal Following redemption of all quasi-treasury shares (held by Norilsk Nickel), UC Rusal, Interros and Crispian will hold approximately 27.8%, 30.3% and 5.87% shares respectively Embedded mechanism limiting the risk of shareholder conflicts 1 Guidelines for future dividend distribution Before the Agreement Post-Agreement and Cancellation of Treasuries Treasury Shares 17% Free float 25% NORILSK NICKEL Other 5% Interros 28% UC Rusal 25% Other Crispian 6% 6% Interros 30% Free float 30% 1 Crispian Investment Limited - an affiliate of Mr. Roman A. Abramovitch - would exercise certain voting rights in respect of shares held by each Interros and Rusal. It was agreed that the maximum number of shares would represent 7.5% of the Company issued share capital for each of Interos and RUSAL. UC RUSAL 28% 26 26
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