OREANDA-NEWS. November 11, 2010. At the meeting of the Board of Directors of OJSC MMC Norilsk Nickel (“MMC Norilsk Nickel” or “Company”) that took place the following decisions were made, reported the press-centre of Norilsk Nickel:

I. Exchange of OJSC OGK-3 shares for the shares of OJSC INTER RAO UES.
Due to technical reasons, the Board of Directors decided to postpone consideration of the share exchange issue until November 22, 2010.

II. Results of MMC Norilsk Nickel due diligence.
As regards the due diligence, the Board of Directors decided as follows:

1. To take notice of the due diligence results on MMC Norilsk Nickel sales & marketing and insurance activities. Due diligence was carried out by KPMG upon the request of the Audit Committee of the Board of Directors.  

2. To deem positive the results of the insurance program implementation and those achieved by the Company’s Sales Unit in the creation and development of the corporate sales & marketing system.

3. To recognize that further development of the corporate sales & marketing system meets the Company’s strategic interests.