Change in the composition of the BoD

Press release

22 April 2022

Change in the composition of the Board of Directors

NLMK reports that Marjan Oudeman, independent member of the Board of Directors, has decided to step down from her post on the Board of Directors. The quorum required by Federal Law "On Joint-Stock Companies" and the NLMK Charter to pass resolutions at Board meetings is maintained, and the mandate of the other Board members continues. A resolution on the new composition of the Board will be passed at the Annual General Meeting of Shareholders in June 2022. The Company would like to express its gratitude to Marjan Oudeman for her active engagement in the work of the Board of Directors and her significant contribution to the Company's development.

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 RUB 1.

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