MMC Norilsk Nickel’s Annual Report has been declared the winner of the sixth annual competition for annual reports (2003), which is organised by the magazine “Expert” together with the auditors PricewaterhouseCoopers and the Moscow Interbank Currency Exchange (MICEX).

The competition commission made its selection of the best annual reports in the following categories: “Most Informative”, “Classic Presentation”, Presentation of Accounts on the Internet” and “Design and Graphics”.  In all, 60 annual reports from leading companies in their respective fields were represented, including OAO Lukoil, RAO EES Russia, the Alpha-Group consortium, FK Uralsib, AB Gazprombank, OAO Mosenergo, and OAO MGTS.  MMC Norilsk Nickel’s annual report was category winner and a prize winner in two categories, “Most Informative” and “Internet”.

MMC Norilsk Nickel’s annual report for 2003 was also announced as the winner in the “Best Annual Report” category at the “Russian Leaders in Corporate Governance 2004” awards ceremony, which is organised every year by the Association for the Protection of Investors’ Rights.

Last year, MMC Norilsk Nickel’s annual report for 2002 was category winner and a prize winner in Expert magazine’s fifth competition for annual reports in two categories, “Most Informative” and “Classic Presentation”, as well as being the overall winner at the sixth competition for annual reports organised by the RTS stock exchange and the “Securities Markets” (“Rynok Tsennykh Bumag”) magazine.