INCREASEs NUMBER OF INDEPENDENT DIRECTORS ON BOD

NLMK INCREASEs NUMBER OF INDEPENDENT DIRECTORS ON NLMK BOARD OF COMMITTEES

NLMK's Board of Directors today held its first meeting following the Annual General Shareholders' Meeting. Vladimir Lisin was re-elected as Chairman of the Board.

The Board of Directors approved a schedule of Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees.

Strategic Planning Committee:

Chairman - Vladimir Lisin, members: Oleg Bagrin, Benedict Sciortino (independent director), Tomas Veraszto (independent director), Karen Sarkisov, Helmut Wieser (independent director), Franz Struzl (independent director), Karl Doering.

Audit Committee:

Chairman - Benedict Sciortino (independent director), members: Franz Struzl (independent director), Nikolai Gagarin, Karen Sarkisov, Stanislav Shekshnya (independent director).

Human Resources, Remuneration, and Social Policies Committee:

Chairman - Stanislav Shekshnya (independent director), members: Vladimir Lisin, Helmut Wieser (independent director).

Investor Relations contacts:Sergey Takhiev+7 (985) 760 55 74st@nlmk.com

Media contacts:Sergey Babichenko+7 (916) 824 6743babichenko_sy@nlmk.com

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About NLMK Group:

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK's metal products are used in various industries, from construction and engineering to the manufacturing of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company's steel production capacity exceeds 17 million tonnes per year, of which about 16 million tonnes are produced in Russia.

The company generated $8 billion in revenue, $1.95 billion in EBITDA and a net profit of $967 million in 2015. Net Debt/EBITDA ratio is 0.56.

NLMK's ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI). The company's investment credit rating is BBB-.

For more information about NLMK Group, please visit www.nlmk.com