NLMK.L Regulatory News (NLMK)

Press release

29 April 2021

Independent directors gain majority on NLMK Board committees

The newly elected Board of Directors of NLMK Group held its first meeting after the Annual General Shareholders' Meeting. Vladimir Lisin was re-elected Chairman of the Board. Oleg Bagrin was elected Deputy Chairman of the Board.

NLMK Group became the first among Russian metals and mining companies to establish a Digital Development Committee as part of its Board of Directors. The Committee will contribute to the efficient implementation of the Company's strategy and increase its competitive advantage amid a trend towards the active adoption of digital technologies in the industry.

The Board of Directors also approved a schedule of meetings and formed committees, two of which consist of a majority of independent directors.

Strategic Planning Committee:

Chaired by Oleg Bagrin, members: Thomas Veraszto (independent director), Helmut Wieser, Sergey Kravchenko (independent director), Joachim Limberg (independent director), Vladimir Lisin, Marjan Oudeman (independent director), Karen Sarkisov, Grigory Fedorishin, Sergey Filatov, Benedict Sciortino.

Audit Committee:

Chaired by Marjan Oudeman (independent director), members: Nikolay Gagarin, Jane Zavalishina (independent director), Joachim Limberg (independent director), Stanislav Shekshnia (independent director).

HR, Remunerations and Social Policy Committee:

Chaired by Stanislav Shekshnia (independent director), members: Oleg Bagrin, Thomas Veraszto (independent director), Sergey Kravchenko (independent director).

Digital Development Committee:

Chaired by Jane Zavalishina (independent director), members: Oleg Bagrin, Thomas Veraszto (independent director), Grigory Fedorishin.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 18 million tonnes per year.

NLMK's ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.

For more details on NLMK shareholder capital, please follow the link.