NLMK.L Regulatory News (NLMK)

Press release

7 March 2018

NLMK Board of Directors votes to hold Annual General Shareholders' Meeting on 8 June 2018

At a meeting held on the 5th of March, directors of NLMK Group (LSE:NLMK), an international steel company with assets in Russia, the USA and the EU, resolved to convene the Annual General Shareholders' Meeting on 8 June 2018.

The Board suggested the shareholders elect Mr. Grigory Fedorishin as President (Chairman of the Management Board) of the company.

NLMK shareholders nominated eight existing members of the Board:

· Mr. Oleg Bagrin, NLMK Group's President (Chairman of the Management Board)

· Mr. Thomas Veraszto

· Mr. Helmut Wieser

· Mr. Nikolai Gagarin

· Mr. Vladimir Lisin

· Mr. Karen Sarkisov

· Mr. Stanislav Shekshnia

· Mr. Benedict Sciortino

The Board also suggested the shareholders elect an Internal Audit Committee of 5 members.

The list of persons entitled to participate at the AGM will be compiled on the basis of the NLMK Shareholder Register as of 14 May 2018.

The AGM agenda will be approved by the Board and published later.

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 windmills.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 2017, the Company generated $10.07 billion in revenue and $2.66 billion in EBITDA. As of 31 December 2017, Net debt/EBITDA stood at 0.35х. The company has investment grade credit ratings from S&P, Moody's and Fitch.

NLMK's ordinary shares with a 16% 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.

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.

For more information on NLMK Group, please visit our website.