US$ 6,000,000,000 acquisition finance credit facilities for OJSC MMC Norilsk Nickel signed



    MOSCOW and TORONTO, June 22 /CNW/ - On June 22, 2007 OJSC MMC Norilsk
Nickel ("Norilsk Nickel" or the "Company") signed loan agreements for an
aggregate amount of US$6 billion with Original Mandated Lead Arrangers BNP
Paribas and Société Générale for purpose of funding the acquisition by a
Norilsk Nickel Group company of all of the outstanding common shares of
LionOre Mining International Ltd.
    The facilities were arranged and fully underwritten by BNP Paribas and
Société Générale.
    The acquisition financing package is structured in the form of a US$2
billion five-year pre-export finance facility, a US$1.5 billion three-year
dual-tranche unsecured term loan and revolving facility as well as a US$2.5
billion one-year unsecured facility.

    Norilsk Nickel is the world's leading producer of nickel and palladium,
one of the largest producers of platinum and one of the top ten producers of
copper in the world. For the full year 2006 Norilsk Nickel recorded revenues
of US$11.5 billion with net profit reaching US$5.9 billion. The Company is
rated Baa2 by Moody's Investors Service and BBB- by Standard & Poor's and
Fitch Ratings.




For further information:

For further information: Sergey Gryaznykh, Managing Director, Head of
Treasury Department, Phone +7 (495) 797 8255; Artem Pozdnyakov, Head of
Corporate Finance, Phone +7 (495) 787 7645; Press service of MMC Norilsk
Nickel: Tel: +7 (495) 797 8294, Fax: +7 (495) 786 8394, E-mail:
uosmail@nornik.ru, www.nornik.ru/en/

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NORILSK NICKEL

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