Independent majority on NLMK Board committees

Press release

24 April 2020

Independent directors gain majority on NLMK Board committees

The newly elected Board of Directors of NLMK Group held its first meeting after the Annual General Shareholders' Meeting. Vladimir Lisin was re-elected as Chairman of the Board.

The Board of Directors also approved a schedule of meetings and formed committees, two of which consist of a majority of independent directors.

Strategic Planning Committee:

Chaired by Oleg Bagrin, members: Thomas Veraszto (independent director), Helmut Wieser, Sergey Kravchenko (independent director), Joachim Limberg (independent director), Vladimir Lisin, Marjan Oudeman (independent director), Karen Sarkisov, Grigory Fedorishin, Sergey Filatov, Benedict Sciortino (independent director).

Audit Committee:

Chaired by Marjan Oudeman (independent director), members: Nikolay Gagarin, Joachim Limberg (independent director), Stanislav Shekshnia (independent director), Benedict Sciortino (independent director).

HR, Remunerations and Social Policy Committee:

Chaired by Stanislav Shekshnia (independent director), members: Oleg Bagrin, Thomas Veraszto (independent director), Sergey Kravchenko (independent director), Vladimir Lisin.

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 17 million tonnes per year.

NLMK's ordinary shares with a 18.6% 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 details on NLMK shareholder capital please follow the link.

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