The cobalt porphyrin complex [(Cl4TPP)Co], 1, {Cl4TPP = 5,10,15,20-tetrakis(4'-chlorophenyl)porphyrinate dianion} in dichloromethane solution was subjected to react with nitric oxide (NO) gas and resulted in the formation of the corresponding nitrosyl complex [(Cl4TPP)Co(NO)], 2, having {CoNO}(8) description. It was characterized by spectroscopic studies and single-crystal X-ray structure determination. It did not react with dioxygen. However, in CH2Cl2/CH3CN solution, it reacted with H2O2 to result in the Co-nitrito complex [(Cl4TPP)Co(NO2)], 3, with the simultaneous release of O-2. It induced ring nitration to the added phenol in an appreciable yield. The reaction presumably proceeds through the formation of corresponding Co-peroxynitrite intermediate.