MMC ”Norilsk Nickel” (GMKN; NILSY US; MNOD LI; NNIA GR) invites investors and analysts to participate in a conference call dedicated to its audited consolidated IAS financial statements for the year ended December 31, 2002.

The conference call will be hosted by:

• Leonid B. Rozhetskin, Deputy Chairman of the Management Board
• Oleg V. Lobanov, Deputy CFO
• Christophe Charlier, Director for Strategic Development and M&A
• Sergey S. Polikarpov, Head of Investor Relations

The conference call details are set out below:

Thursday, June 5, 2003 at 5:00pm Moscow time
(2:00pm London (GMT); 9:00am New York)

Dial in toll-free numbers:

United States: +1 800 230 19 51
International: +1 612 288 03 40

Conference name: Norilsk Nickel 2002 IAS Financial Statements

We would kindly request you to dial into our conference call 10 minutes early.

A replay will be available for one week from 10:15pm Moscow time on June 5 until 11:59pm on June 12, at the following numbers:

United States: +1 800 475 67 01
International: +1 320 365 38 44
Access Code: 687328

Norilsk Nickel’s financial statements and a copy of the conference call presentation will become available on the Company’s web-site (www.nornik.ru) at 09:00am Moscow time (6:00am London; 1:00am New York) on June 5, 2003.

For further information, please contact:

Sergey S. Polikarpov
Head of Investor Relations
Tel.: +7 (095) 786 83 20
Fax: +7 (095) 797 86 13
E-mail: polikarpovss@rao.nornik.ru
Web-site: www.nornik.ru

Copyright © 2002 JSC MMC "Norilsk nickel"