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Pension Fund Emerged Within Norilsk Nickel Group

The Nongovernmental Pension Fund (NPF) Interros-Dostoinstvo Board Meeting decided toassign control over the Fund toOJSC MMC Norilsk Nickel. Inview ofthe decision, the NPF Interros-Dostoinstvo will berenamed NPF Norilsk Nickel and relevant changes will beintroduced inthe Funds Charter.

MMC Norilsk Nickel Deputy General Director for Personnel and Social Policy Olga Golodets will chair the Board ofNongovernmental Pension Fund Norilsk Nickel. Sergey Kabalkin will bePresident ofthe NPF.

The Pension Fund will develop corporate retirement programs for MMC Norilsk Nickel, and provide supplemental pension plans and compulsory pension insurance for individuals.

MMC Norilsk Nickel General Director Mikhail Prokhorov said, Development ofpension savings system isone ofthe most important objectives ofthe corporate social policy. People need tobe sure that upon reaching retirement age they may enjoy adecent income.

In such away, weare looking forward tomultiple gains aswe develop our own pension programs and offer abroad range ofservices tointerested organizations and individuals, Mikhail Prokhorov emphasized.

The new status ofthe Fund and new development opportunities build ground for the NPF Norilsk Nickel tobecome one ofthe leading market players both inthe area ofnongovernmental pensions and incompulsory pension insurance. Initially wewill focus onworking with Norilsk Nickel Group member companies, which isno hindrance for collateral open market activities, NPF Norilsk Nickel President Sergey Kabalkin stated.