Disposal

19 Jan 2006 07:01

OJSC Novolipetsk Steel19 January 2006 OJSC NOVOLIPETSK STEEL (NLMK) COMPLETES THE SALE OF 12% INTEREST IN LEBEDINSKYGOK Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel, NLMK(LSE: NLMK) has completed the sale of its 12% interest (2,336,867 ordinaryshares) in Lebedinsky GOK to CJSC "OEMK-Invest". As stated earlier, the deal isvalued at USD 400 million in cash. This disposal is in line with NLMK's strategy of managing actively its assetportfolio. 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