Acquisition

4 Apr 2006 07:01

OJSC Novolipetsk Steel04 April 2006 OJSC Novolipetsk Steel 04 April 2006 NOVOLIPETSK STEEL COMPLETES TWO ACQUISITIONS82% INTEREST IN COKE PRODUCER JSC "ALTAI-KOKS"AND 100% INTEREST IN "PROKOPIEVSKUGOL" GROUP OF COAL COMPANIES Further to the announcement of March 29th, 2006, OJSC Novolipetsk Steel (LSE:NLMK) has completed the acquisition of an 82% interest in "Altai-koks",coke-chemical plant, and a 100% interest in holding company Kuzbass AssetHoldings Limited, Gibraltar, which owns 100% of interest in "Prokopievskugol"Coal Company for about USD 750 million. As previously stated, the deal wasfinanced in full from NLMK's existing cash funds. For further information: NLMK Anton Bazulev +7 495 915 1575 Financial Dynamics Jon Simmons +44 207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange