Independent majority on NLMK Board committees

Press release

08 June 2018

Independent directors gain majority on NLMK Board committees

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

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

Strategic Planning Committee:

Chairman - Oleg Bagrin, members: Thomas Veraszto (independent director), Helmut Wieser (independent director), Karl Doering, Vladimir Lisin, Marjan Oudeman (independent director), Karen Sarkisov, Grigory Fedorishin, Benedict Sciortino (independent director).

Audit Committee:

Chairman - Benedict Sciortino (independent director), members: Nikolai Gagarin, Marjan Oudeman (independent director), Karen Sarkisov, Stanislav Shekshnia (independent director).

Human Resources, Remuneration, and Social Policies Committee:

Chairman - Stanislav Shekshnia (independent director), members: Oleg Bagrin, Thomas Veraszto (independent director), Helmut Wieser (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 windmills.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 3M 2018, the Company generated $2.79 billion in revenue and $0.8 billion in EBITDA. As of 31 March 2018, Net debt/EBITDA stood at 0.31х. The company has investment grade credit ratings from S&P, Moody's and Fitch.

NLMK's ordinary shares with a 16% 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 RUB 1. For more details on NLMK shareholder capital, please follow the link.

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.

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