NLMK Board adopts internal corporate documents

Press release

23 December 2016

NLMK Board adopts internal corporate documents

At a meeting held on 23 December 2016, members of the Board of Directors of NLMK Group approved several new internal policy documents, namely NLMK Group Anti-Corruption Policy; Code of Ethics; and a new revision of NLMK Group's Information Disclosure Policy.

The Anti-Corruption Policy and Code of Ethics are a fundamental part of the system which NLMK Group has in place for counteracting corruption. The system has been brought in line with all prevailing Russian and international laws and recommendations; and best international practices. It will enhance NLMK Group's compliance with the obligations it took on when joining the Anti-Corruption Charter for Russian Business.

NLMK Group's Information Disclosure Policy has been made compliant with the requirements set out in corporate law and also takes into account the guidelines set out by the Corporate Governance Code recommended for use by the Bank of Russia d.d. 10 April 2014. The Information Disclosure Policy outlines the key objectives, principles and means of information disclosure required to ensure transparent relations with shareholders, the investment community and other stakeholders.

The Board of Directors also approved a number of interested party transactions.

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.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the sector. In 9M 2016, the Company generated $5.671 billion in revenue and $1,423 billion in EBITDA. As of 30 September 2016, Net debt/EBITDA stood at 0.39х.

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. 

NLMK Group was recognized as Steel Industry Leader (Industry Leadership Awards - Steel) at the prestigious 2016 Platts Global Metals Awards held by a leading international periodical S&P Global Platts, which provides analytical information on commodities and energy markets.

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