KPMG in Russia and the CIS and KPMG worldwide

OJSC “MMC “Norilsk NN Cyprus Nickel” аnd KGMK (Non-KPMG auditor, (Russia) reported to KPMG)

NN Harjavalta Oy (Finland)

London

Zug (Switzerland) Beijing

Shanghai

Pittsburgh Hong Kong NNI: Norilsk Nickel Australia PTY Ltd (Australia)

NNI: Tati Nickel Mining Company Key: Production companies Ltd Offshore companies (Botswana) Trade companies NNI: Norilsk Nickel Africa (PTY) Ltd Note: Group has other companies not (South Africa) shown on the graph

Our relationship KPMG was appointed as auditor of the Group in December 2009 Entities of the Group that were audited by different offices of KPMG worldwide as part of the 2011 audit are shown on the map

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 1 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG International

■ KPMG is a Global network of professional Revenue KPMG International firms providing Audit, Tax and Advisory services

■ Operations in 153 countries with 145,000 22.7 people in member firms around the world

■ In a complex economic and regulatory environment, our high-performing people are making a difference by cutting through complexity, offering informed perspectives, 20.63 and delivering clear solutions

■ We are committed to three key imperatives: quality of services, insight into the problems FY10 FY11 of our clients, and integrity in our business

USD in billions

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 2 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG in Russia and the CIS

■ More than 20 years in Russia ■ 7 countries, 19 offices ■ Over 3,700 professionals, 105 partners

St.Petersburg Lvo v Kiev Nizhny Novgorod Perm* Donetsk Kazan Ekaterinburg Rostov-on-Don

Tbilisi Novosibirsk Atyrau Krasnoyarsk Yerevan Astana Baku

Almaty ■ Part of KPMG Europe LLP, largest Bishkek accounting firm in Europe Note: *opening in 2012 ■ 18 countries, 144 offices, nearly 33,000 professionals

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 3 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Awards. Audit market share – Top-100 Russian companies*

Audit market share – Top-100 Russian companies*

No.1 Audit & No.1 Audit Firm No.1 Audit Firm Advisory Firm in Russia in Russia in Russia

8% 2011 2009–2011 2009–2011 #1 8% KPMG

35% PwC Audit 20% EY Deloitte No.1 Audit Firm in Russia Audit Company of Best Reporting the Past 5 Years Accountant Other by Financial Elite of Russia Awards 29% 2009–2010 2010 2010 firm

*Source: Expert-400 Rating, 2011

No.1 Reporting Insolvency Accountant European Energy Advisory Firm in Russia by number Tax Team of the Year of transactions and of the Year in in Russia overall value Europe ■ ZAO KPMG is a member of the Audit Chamber of Russia

2010 2010 2010 ■ Over 200 of our professionals are Russian certified auditors and members of ACCA

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 4 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Our services in Russia and the CIS: Service Lines

Audit Tax & Legal Advisory

■ Financial Statement Audit Business Tax Transactions & Restructuring

■ Attestation Services ■ Corporate & Business Tax ■ Corporate Finance

■ International Corporate Tax ■ Restructuring

■ Indirect Tax ■ Transaction Services

■ Mergers & Acquisitions Risk Consulting

■ Transfer Pricing ■ Accounting Advisory Services

■ Global Tax Outsourcing ■ Internal Audit, Risk & Compliance Services ■ Legal Services ■ Financial Risk Management Personal Tax ■ Forensic ■ Taxation Services to Individuals Management Consulting ■ International Executive Services (IES) ■ Business Performance Services

■ IT Advisory

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 5 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Our services in Russia and the CIS: Industry sectors

■ Private Equity ■ Banking ■ Insurance Private Equity Financial Services

■ Infrastructure, Construction ■ Automotive & Real Estate ■ Chemicals ■ Transport Infrastructure, Industry IndustrialIndustrial ■ Energy & Natural Resources Government ■ Government MarketsMarkets Centre of Excellence: & Healthcare sectors Oil & Gas, Metals & Mining, ■ Healthcare Power & Utilities

Technology, Consumer Media & Telecom’s Markets ■ Communications & Media ■ Technology ■ Consumer Markets

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 6 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Our main clients in Russia and the CIS

Technology, Energy, Power & Infrastructure, Government Industrial Markets Media and Consumer Markets Financial Services Natural Resources & Healthcare Telecommunications

■ Atomenergoprom ■ Eurocement ■ 1C* ■ Adidas ■ AFK * ■ Aerfolot ■ Eurasia Drilling ■ MMK ■ Akado ■ Aston ■ Gazprombank ■ E4 Group Company ■ Norilsk Nickel ■ CBOSS ■ Auchan ■ GE Money Bank ■ Etalon (LenSpecSmu) ■ Integrated Energy ■ OMK ■ Kaspersky Lab ■ Baltika ■ Ilyushin Finance ■ FESCO Systems ■ OMZ ■ Monokristall ■ Campina ■ Master-Bank ■ Globalstroy Engineering ■ * ■ Phosagro ■ MTS* ■ Eldorado ■ MDM Bank ■ Krasnaya Polyana ■ ■ Power Machines ■ Panasonic ■ Heineken ■ Nordea Bank ■ LSR Group ■ MRSK Holding ■ UGMK ■ Philips ■ Henkel ■ RESO-Garantia ■ Moscow Government* ■ Mosvodokanal ■ United Aviation ■ Post of Russia ■ InBev ■ Rosgosstrakh ■ Mostotrest ■ OGK-2 Corporation ■ Renova Media ■ Metro Cash & Carry ■ ROSNO ■ Novosibirsk Region ■ Rosatom* ■ Uralvagonzavod Government* ■ ROSNANO* ■ PepsiCo ■ Sberbank* ■ * ■ VSMPO-AVISMA ■ PIK Group of Companies ■ ■ Razguliay ■ Tatfondbank ■ SUEK ■ United ■ RSPP* ■ SkyLink ■ Sportmaster ■ TRUST ■ TGKs-5, 6, 7, 8, 9, Shipbuilding ■ Tolmachevo Airport 11, 12, 13 Company ■ Svyazinvest ■ Stockmann ■ Uralsib Bank ■ Unomedical ■ TNK-BP* ■ TUI Travel ■ Unimilk ■ VTB* ■ UTair ■ ■ Vimpelcom* ■ WBD ■ UniCredit Bank ■ Volgo Balt ■ *

Note: * non-audit clients

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 7 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Corporate citizenship and sustainability

Being a socially responsible business means living up to one of KPMG’s most important values – commitment to our communities KPMG in Russia is very clear as to the areas of our focus around citizenship and sustainability –our efforts, money and time are spent on Communities, Education and Environment Communities — at the heart are the long term initiatives aimed at children from social and biological risk groups Education — we seek to foster exchange and sharing of information through partnerships with IBLF, SIFE, Bolshaya Peremena, regional administration– as we carry out initiatives of educational nature Environment — we are keen to go beyond compliance with the Green Office standard and transition towards changed mindsets of our people. The aim is for our people to start consciously minimizing the negative impact on the environment both in the workspace and at home KPMG’s citizenship and sustainability agenda in Russia has full support of the firm’s Leadership and benefits from the enthusiasm, time and skills of KPMG volunteers. We also feel privileged to be working with reliable and expert NGOs operating in our communities and partnering with other corporate to make a lasting difference

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 8 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The firm where people want to work

We do our utmost to make our firm the preferred employer for all the best employees on the market, starting with students and ending with experienced professionals Each year KPMG in Russia and the CIS holds a Recruitment Program for young specialists and an Internship Program for employment in all the firm's departments. In addition, we actively cooperate with universities, organizing educational and sponsorship programs and also contests for students According to the results of the annual survey “Business and Education: Partnership 2009”, conducted by the Russian Rectors' Union, KPMG won the nomination “Best Practice of Professional Adaptation of University Students” In 2010 KPMG ranked second after Google on Universum's 2010 index of “The World's Most Attractive Employers” and also won two HR Brand of the Year 2010 awards accorded to the best employers in Russia

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 9 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Engagement Team

Claus Nielsen Head of Department Andrew Cranston Oleg Goschansky Igor Tokarev of Professional CIS Senior Partner CIS Head of Audit Engagement Practice, Engagement Partner Quality Control Reviewer

Andrew has been Senior Partner In the period from 1992 till 1997 Oleg worked in Igor started his career with KPMG in Claus has been working with KPMG since since 2008. In his role, he has overall Germany, where he took part in the audit of the Russia in 1997 and has since then 1995. Claus joined KPMG in Moscow as a responsibility for managing KPMG’s IFRS and German GAAP FS of large German acquired significant audit experience partner in 2006. Since 2010 Claus leads the business in Russia and the CIS. Prior companies. working with companies in Russia. He Department of Professional Practice in to this, Andrew was the Head of Audit Oleg has been working with KPMG in Moscow also worked abroad as auditor for Moscow, which is responsible for resolving in Russia and the CIS for eight years, since 1997. In 2002 Oleg was appointed an Audit several years. Igor has profound audit all technical challenges in IFRS accounting and before that the Partner in Charge Partner of KPMG in Russia, and in 2008 he experience in assisting with the and financial reporting area that we face of Financial Services. Andrew has became the Head of Audit in Russia and the CIS. preparation and auditing of IFRS and with our clients in Russia and CIS. 22 years of audit experience and has Since 1 October 2012 Oleg will be appointed a Russian Statutory financial statements of In 2002 Claus was seconded to the been working with KPMG in Russia Senior Partner of KPMG in Russia and the CIS. Russian and international companies. He International Accounting Standards Board since January 1996. Oleg has extensive audit experience in participated in a number of audits of in London (IASB) from KPMG Denmark, Andrew has worked with a wide range accordance with IFRS, US GAAP and Russian companies in the natural resources, where he joined the technical staff and was of clients including LUKOIL, , Accounting Principles. His list of clients includes telecoms, media, automotive, involved in various IASB and IFRIC MDM Bank. large Russian and International companies in transportation and other industries. Igor projects. Before coming to Moscow, Andrew industrial markets, automotive, pulp and paper, has led audits of companies listed on In 2004 Claus extended the secondment worked with KPMG in the UK and metals and mining, shipping and aerospace Russian and foreign stock exchanges, from KPMG Denmark to the IFRG (KPMG’s Hungary. In addition to working for industries. Oleg was actively involved in a involving reporting under various dedicated IFRS methodology group in KPMG, Andrew worked in Germany number of projects in connection with IPOs of regulatory regimes. London). His primary role was advising for two years with the major US large Russian groups on the London and the Igor has been the engagement partner engagement teams representing a wide investment bank Merrill Lynch. Russian Stock Exchanges. on Norilsk Nickel IFRS Audit since range of industries on complex IFRS-issues In his capacity as the Head of Audit in Russia and KPMG’s appointment in 2009. (key areas of responsibility were issues the CIS for a number of key audit accounts Oleg related to business combinations/group plays an important role of a sounding board to our restructurings and consolidation). clients to ensure all issues are addressed in a Claus has been involved in the audit of timely manner. Norilsk Nickel since KPMG’s appointment in 2009

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 10 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG in Russia

Head Office, Russia and the CIS Siberia Regional Center Republic of Tatarstan Naberezhnaya Tower Complex, Block C Business Center “Liga-Capital“ "Suvar-Plaza" Business Center 10 Presnenskaya Naberezhnaya 1/1 Vokzalnaya magistral office 708, 6, Ul. Spartakovskaya, Moscow 123317 Novosibirsk 630004 Kazan, Republic of Tatarstan, 420107 Tel.: +7 495 937 4477 Tel.: +7 383 230 2255 Tel.: +7 843 210 00 90 Fax: +7 495 937 4499 Fax: +7 383 230 2266 Fax: +7 843 210 00 91 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected]

North-West Regional Center Urals Regional Center Krasnoyarsk "Renaissance Plaza" Business Center "Limerance" Business Center "Vesna" Business Center 69-71 A, Ul. Marata 8 Ul. Voevodina 3 A Ul. Vesny Saint Petersburg 191119 Ekaterinburg 620014 Krasnoyarsk 660135 Tel.: +7 812 313 7300 Tel.: +7 343 253 0900 Tel.: +7 391 257 0400 Fax: +7 812 313 7301 Fax: +7 343 253 1900 Fax: +7 391 257 0401 E-mail: [email protected] E-mail: [email protected] Perm Volga Regional Center South Regional Center 1 Komsomolskiy Prospect "Stolitsa Nizhny" Business Center "Gedon" Business Center Perm 614000 117 Ul. M. Gorkogo 60 Budennovsky Prospect Nizhny Novgorod 603006 Rostov-na-Donu 344010 Tel.: +7 831 296 9202 Tel.: +7 863 204 0050 Fax: +7 831 296 9206 Fax: +7 863 204 0055 E-mail: [email protected] E-mail: [email protected]

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 11 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG in the CIS

Armenia Kazakhstan Kyrgyzstan Ukraine Yerevan Almaty Bishkek Kiev "Erebuni Plaza" Business Center Koktem Business Centre "Hyatt Regency Bishkek" 11 Ul. Mykhaylivska 26/1 Ul. Vazgen Sargsyan 180 Dostyk Avenue 191 Ul. Sovietskaya Kiev 01001 Yerevan 0010 Almaty 050051 Bishkek 720011 Tel.: +38 044 490 5507 Tel.: +37410 56 6762 Tel.: +7 727 298 08 98 Tel.: +996 312 623 380 Fax: +38 044 490 5508 Fax: +37410 56 6762 Fax: +7 727 298 07 08 Fax: +996 312 623 856 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] Donetsk Azerbaijan Astana 2a Bulvar Pushkina Baku Astana Tower, Donetsk 83001 KEMPINSKI Hotel Badamdar, Samal, 12 Tel.: +38 062 341 46 80 Offices Building, 4th Floor Astana 010000 Fax: +38 062 341 46 81 1C M.Mushfig Street, Tel.: +7 7172 55 28 88 E-mail: [email protected] Baku AZ1006 Fax: +7 7172 55 28 00 Tel.: + 994 12 404 89 10 E-mail: [email protected] Lviv Fax: + 994 12 404 89 12 "Lemberg" Business Center Atyrau 176 Ul B. Khmelnytskogo, office 207 Seven Stars Business Centre, Georgia Lviv 79024 34A Ul. Satpayev Tel.: +38 032 229 59 05 Tbilisi Atyrau 060011 Fax: + 38 032 229 59 04 Besiki Business Center Tel.: +7 7122 55 62 00 E-mail: [email protected] 4 Ul. Besiki Fax: +7 7122 55 62 02 Tbilisi 0102 E-mail: [email protected] Tel.: +995 322 93 57 13 Fax: +995 322 98 22 76 E-mail: [email protected]

© 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of 12 independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. © 2012 ZAO KPMG, a company incorporated under the Laws of the Russian Federation, a subsidiary of KPMG Europe LLP, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International Cooperative (“KPMG International”).