MINING AND METALLURGICAL COMPANY NORILSK NICKEL 
By MMC Norilsk Nickel (further, Norilsk Nickel or the Company) announces the signing of two bilateral 5-year unsecured facility agreements with ZAO UniCredit Bank and ZAO "Raiffeisenbank" for the amount of US$ 400 million and US$ 350 million correspondingly.
The funds will be partially used to refinance short term indebtedness and will enhance the Company's medium term liquidity. Net Debt will remain unchanged.
"Despite strong financial position and solid cash reserves Norilsk Nickel continues optimizing its debt structure and repayment profile in accordance with the financial policy supporting the execution of the new Company's strategy. These lines will extend the average debt maturity while the average cost of debt will decrease. The support and commitment of our relationship banks in the current turbulent market environment confirms our status of a first class reliable borrower with investment grade credit metrics." - noted Sergey Malyshev, CFO of the Company.
ABOUT MMC NORILSK NICKEL
MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. MMC Norilsk Nickel also produces a large number of other metals, including gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the Company's group in Russia are in the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the Company's shares are traded on the over the counter market in the US and on the London and Berlin stock exchanges.
Media Relations:
Phone: +7 (495) 797 82 94
Email: pr@nornik.ru
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