Norilsk Nickel’s press release inaccurately portrays the content of the Declaration of Maxim Sokov submitted in the New York action as suggesting that Rusal is seeking to enjoin the voting of shares held by Interros at the upcoming March 11 2011 Shareholder’s Meeting.  As is made clear in the Sokov Declaration and the supporting submissions filed in the New York court, which included the underlying filings in the Russia and Nevis Actions, Rusal seeks only to enjoin the voting of shares by Norilsk Nickel's subsidiaries, Corbiere and Raleigh, including those recently acquired in the Buyback and those sold in the Trafigura transaction announced at the end of December, which are the subject of the said foreign court proceedings.  The injunction being sought with respect to those additional shares would apply to Corbiere, Raleigh, Trafigura, and those acting in concert therewith, including Interros to the extent that it may seek to vote any of those additional shares.  Rusal is not seeking to enjoin the 25% plus 1 share held by Interros.
 
Any interpretation to the contrary is legally inaccurate.
 
We hope that such misinterpretation by Norilsk Nickel of the basic facts of the New York action is merely a manifestation of ignorance and rather than malice.