Clarification on financial statements

Press release

1 April 2022

Clarification on financial statements

NLMK Group has decided not to publish its Q1 2022 financial statements due to the fact that a substantial part of the investment community is unable to make transactions with the Company's securities.

The Company plans to disclose its 6M 2022 financial performance in line with the published disclosure calendar.

Payment of Q1 2022 and Q4 2021 dividends will be addressed by the Board of Directors in June 2022 as part of drafting recommendations for the Annual General Meeting of Shareholders. In the current context, management will be recommending the Board of Directors not to pay dividends for Q4 2021 and Q1 2022.

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 RUB1.

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