Shareholders of South Ural Medical insurance Company to consider closing down on October 27, 2006

Moscow,љ 10 October 2008 – UC RUSAL, which owns a 25% plus two shares stake in Norilsk Nickel, today requested an Extraordinary General Meeting of Norilsk Nickel’s shareholders to elect a new, expanded Board of Directors that will represent the interest of all shareholders. UC RUSAL believes the current board has demonstrated that it is incapable of acting in the interests of all shareholders, has abused corporate governance principles and presided over the destruction of significant shareholder value. Following consultations with Norilsk Nickel’s minority shareholders, UC RUSAL is proposing

The Ural branch of ROSNO, the insurance company, held a conference on voluntary health insurance for large and medium-scale businesses; this was part of the All-Russian project on Personnel’s Health. The conference was attended by top executives, CFOs, and HR managers of forty-two enterprises and organizations located in Yekaterinburg and Sverdlovsk Region. They had a chance to discuss the peculiarities of health insurance market and get exhaustive information on the advantages of voluntary health insurance within companies with ROSNO employees. In addition, reports were made by the city

Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender in the following categories: - voluntary medical insurance, insurance against accidents and diseases for KolymaEnergo, MagadanEnergo, and YakutskEnergo; - civil liability insurance for entities using dangerous production facilities and waterworks for KolymaEnergo, MagadanEnergo, YakutskEnergo, AmurEnergo, Verkneye-Mutnovskaya Power Plant, and GEOTHERM JSC; -obligatory car

Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender in the following categories: - voluntary medical insurance, insurance against accidents and diseases for KolymaEnergo, MagadanEnergo, and YakutskEnergo; - civil liability insurance for entities using dangerous production facilities and waterworks for KolymaEnergo, MagadanEnergo, YakutskEnergo, AmurEnergo, Verkneye-Mutnovskaya Power Plant, and GEOTHERM JSC; -obligatory car

Energozaschita Insurance Broker JSC conducted a number of tenders for property and private insurance agreements with power generating companies comprising RAO UES of Russia. Ingosstrakh insurance company won the tender in the following categories: - voluntary medical insurance, insurance against accidents and diseases for KolymaEnergo, MagadanEnergo, and YakutskEnergo; - civil liability insurance for entities using dangerous production facilities and waterworks for KolymaEnergo, MagadanEnergo, YakutskEnergo, AmurEnergo, Verkneye-Mutnovskaya Power Plant, and GEOTHERM JSC; -obligatory car