INDEPENDENT MAJORITY ON NLMK BOARD COMMITTEES

Press release

2 June 2017

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 - 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 Shekshnia (independent director).

Human Resources, Remuneration, and Social Policies Committee:

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

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 manufacture of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company's liquid steel production capacity is over 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the sector. In 12M 2016, the Company generated $7.636 billion in revenue and $1.941 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.

NLMK free-float is 16%, its 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). For more information on shareholder structure, please follow the link. 

In 2016,NLMK Group received Steel Industry Leadership Award from S&P Global Platts, a global analytical agency.

For more information on NLMK Group, please visit www.nlmk.com/en