address: Trident Chanbers, P.O.

Box 1388,
Victoria, Mahé, Republic of Seychelles
e-mail: corporate@altancapital.eu
telephone: +44 70 50157735

INVOICE

Invoice no.: NNTL-MSA002

Issue date: 23 September 2013

Directors
Norilsk Nickel Treasury Limited
Pasea Estate
Road Town
Tortola
British Virgin Islands

Description of Services Amount Due

US Dollars

To provision of professional services in connection with the

development of the rebranding strategy and the palladium
promotion programme for MMC Norilsk Nickel (‘Phase 1’ services)
as defined in Appendix 1 to the Marketing Strategy, Implementation
and Media Buying Services Agreement dated 1 August 2013 and
invoiced in accordance with the payment schedule contained
therein:
- In respect of the work performed 10,000,000.00
- In respect of the media buying costs 0.00

Total amount due US Dollars 10,000,000.00

Payments are due within 5 days of the invoice date. Thank you for you custom.

Please remit funds in US Dollars to the bank account of ALTAN CAPITAL LIMITED at:

Beneficiary Bank: Correspondent Bank:

Barclays Bank (Seychelles) Ltd Barclays Bank PLC
Independence Avenue 200 Park Avenue
PO Box 167 New York, NY10166
Victoria, Mahe USA
Seychelles
USD A/C: 0387600000 USD A/C: 280290000
SWIFT: BARCSCSC SWIFT: BARCUS33

Altan Capital Ltd is a registered company in the Republic of Seychelles. Company registration number: 070485