RTS Stock Exchange: "Norilsk Nickel" Shares To Be Traded In the Quote-Driven Mode (Non-Anonymously)

The Board of Directors of the not-for-profit partnership "Russian Trading System" Stock Exchange has decided to transfer trading in "Norilsk Nickel" shares from the Order-driven Classic market to the Quote-Driven (Non-anonymous) trading for the period of December 20th, 2005, through January 13th, 2006. This decision is related to the planned spin-off of "Polus Zoloto" joint-stock company from "Norilsk Nickel".

In accordance with the data obtained from "Norilsk Nickel", shares of "Polus Zoloto" will be distributed among "Norilsk Nickel" shareholders registered as of January 1st, 2006, in the following proportion: 1 "Polus Zoloto" share per each ‘Norilsk Nickel" share.