NLMK.L Regulatory News (NLMK)

28 Sep 2007 15:00

OJSC Novolipetsk Steel28 September 2007 Novolipetsk Steel (NLMK)28 September 2007 EXTRAORDINARY GENERAL MEETING (EGM) - RESULTS Novolipetsk Steel (LSE: NLMK), the leading Russian steel producer, announces theresults of voting on the resolution proposed at the Extraordinary GeneralMeeting held on 28 September 2007. The following resolution was put to NLMK's shareholders on a poll at theExtraordinary General Meeting, and the results of voting were as follows: Resolution Votes For Votes Against Votes Abstained Results 1 To approve payment of interim dividend 5 537 546 475 1 475 467 carried for the six months ended June 30, 2007 of RUR 1.5 per ordinary share (1 Global 0 Depositary Share = 10 ordinary shares). (95.2080%) (0.0254%) 2 Approval of related party transactions* 2.1 To approve iron ore supply agreement 5 541 065 960 99 099 2 083 861 carried between OJSC "NLMK" (the Buyer) and its subsidiary, OJSC "Stoilensky GOK" (the Supplier). The maximum amount of the supply contract, which has an expiry (92.4556%) (0.0017%) (0.0348%) date of 30 April, 2008, is 13 207 400 000 (Thirteen billion two hundred and seven million four hundred thousand) rubles. 2.2 To approve the transfer of NLMK's 50% 5 540 538 915 335 327 3 837 894 carried stake in Steel Invest & Finance S.A. (Luxembourg) to NLMK 100% subsidiary, NLMK International B.V in exchange for 7000 (Seven thousand) NLMK (92.4468%) (0.0056%) (0.0640%) International BV shares. NLMK's 50% stake in Steel Invest & Finance S.A. (Luxembourg) is valued at 21 216 000 000 (twenty one billion two hundred and sixteen million) rubles. 3 To approve NLMK's participation in 5 543 698 475 106 794 2 433 073 carried Automatic Identification Association " Uniscan/GS1 RUS". (95.3138%) (0.0018%) (0.0418%) * The item is subject to EGM approval according to requirements of the Russian Federation law Further to the Dividend Declaration on 24 August 2007, the Board of Directorsapproved a record date for the half-yearly dividend of 24 August 2007 (00:00). NLMK transfers funds for dividend payments on Global Depositary Shares (GDSs) tothe depositary bank on 20 November 2007. Depositary bank sets payment date nolater than 5 days after receipt of funds. Dividends on GDSs will be paid, bydefault, in U.S. dollars (USD) based on USD/RUR spot F/X rate on the day ofcurrency conversion by the depositary bank. For further information: NLMKAnton Bazulev +7 495 915 1575 Financial DynamicsJon Simmons +44 207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange