OREANDA-NEWS. On November 05, 2007 OJSC MMC Norilsk Nickel ("Norilsk Nickel") announced that its Board of Directors had determined not to convene an extraordinary general shareholders meeting to approve the cancellation of 7,498,950 ordinary shares of Norilsk Nickel held by the Company as treasury shares and that it expect to sell such shares before December 17, 2007 in order to comply with requirements of the Russian law, reported the press-centre of Norilsk Nickel.

The timing of any such share sale will depend on market conditions and other factors.