Page last updated at 11:54 GMT, Saturday, 25 October 2008 12:54 UK

Mandelson met tycoon in 2004

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Lord Mandelson has admitted meeting Russian billionaire Oleg Deripaska two years earlier than previously revealed.

EU officials previously said the two had met socially in 2006 and 2007.

But in a letter to the Times, Lord Mandelson said they first met in 2004 and accepts people may have been misled by a statement issued by his officials.

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