Acquisition Completion

27 Jan 2006 15:23

OJSC Novolipetsk Steel27 January 2006 OJSC Novolipetsk Steel27 January 2006 NOVOLIPETSK STEEL COMPLETES THE ACQUISITION OF 100% INTEREST IN DANSTEEL A/S Further to the announcement of January 5th, 2006, OJSC Novolipetsk Steel (LSE:NLMK) has completed the acquisition of DanSteel A/S, the Danish steelmanufacturer, for USD104 million. As previously stated, the deal was financed infull from NLMK's existing cash funds. Mr. Anton Bazulev, NLMK's spokesman, commented "This deal demonstrates the strong commitment of NLMK to controlledinternational expansion and to increase downstream production capacities." 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