Norilsk Nickel Sets Date of Annual Shareholder Meeting

Today, the Norilsk Nickel's Board of Directors decided that the annual shareholder meeting would take place on June 27, 2003, the company's press service reported. A source in Norilsk Nickel announced that the Board of Directors would consider the upcoming annual shareholder meeting's agenda and dividend recommendations at the end of May, 2003.

As reported earlier, in September 2003 the mining and smelting company Norilsk Nickel redeemed its 38,761,525 common registered shares, purchased following the joint decision to cut the company's share capital. The decision was made at the shareholder meeting on March 29, 2002.

After the redeeming, the company's share capital amounted to RUR213,905,884 (about $6.87m).

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