EGM Statement

2 Oct 2006 07:01

OJSC Novolipetsk Steel02 October 2006 Novolipetsk Steel (NLMK)02 October 2006 EXTRAORDINARY GENERAL MEETING (EGM) - RESULTS Novolipetsk Steel (LSE: NLMK), the leading Russian steel producer, announces theresults of voting on the resolution proposed at the Extraordinary GeneralMeeting held on 29 September 2006. The following resolution was put to NLMK's shareholders on a poll at theExtraordinary General Meeting, and the results of voting were as follows: Resolution Votes For Votes Votes Results Against Abstained 1 To approve the 5 521 839 828 580 897 36 036 carried didivdends for the first half of 2006 in the amount of 1.5 ruble per common share. Further to the Dividend Declaration on 16 August 2006, the Board of Directorsapproved a record date for the half-yearly dividend of 16 August 2006 (00:00). NLMK transfers funds for dividend payments on Global Depositary Shares (GDSs) tothe depositary bank on 23 November 2006. Depositary bank sets payment date nolater than 5 days after receipt of funds. Dividends on GDSs will be paid, bydefault, in U.S. dollars (USD) based on USD/RUR spot F/X rate on the day ofcurrency conversion by the depositary bank. 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