NLMK Board of Directors sets date for AGM

Press release

4 March 2019

NLMK Board of Directors sets date for AGM

At a meeting held on 1 March 2019, the Board of Directors of NLMK Group (LSE: NLMK), a global steel company with operations in Russia, the USA, and the EU, resolved to convene NLMK's Annual General Shareholders' Meeting (AGM) on 19 April 2019.

The Board of Directors recommended shareholders re-elect Grigory Fedorishin as NLMK Group President (Chairman of the Management Board) and CEO.

The following nine members were put forward for election to the Board of Directors at the AGM:

· Oleg Bagrin

· Thomas Veraszto 

· Nikolai Gagarin 

· Joachim Limberg

· Vladimir Lisin

· Marjan Oudeman

· Karen Sarkisov 

· Stanislav Shekshnia 

· Benedict Sciortino 

The list of persons entitled to participate at the AGM will be compiled based on the NLMK Shareholder Register as of 25 March 2019.

The AGM agenda will be approved by the Board of Directors and published later.

Biography

Joachim Limberg was the Chairman of the Management Board of the Materials Services Business Area, CEO, Chairman of the Executive Board of thyssenkrupp Materials Services GmbH from October 1, 2009 till December 31, 2018. He was responsible for the Materials units Germany, North America, Eastern Europe and Western Europe/Asia Pacific, Materials Processing Europe, Materials Trading, the Special Materials' units AST and Distribution Stainless, as well as the Special Services units Plastics Europe, Aerospace and Technical Services.

Joachim Limberg began his career in 1976 at Klöckner. He then spent several years as managing director/CEO of various small and medium-size enterprises. In 1995 Joachim Limberg joined the thyssenkrupp Group, initially as head of the Product Management Steel and Materials Management departments of thyssenkrupp Schulte. In 1998 he was appointed to the Executive Board. From 2002 to 2005 he was Chairman of the Executive Board of the company thyssenkrupp Schulte GmbH. Joachim Limberg was appointed to the Executive Board of thyssenkrupp Materials AG, later thyssenkrupp Services AG, on April 1, 2001.

From January 2002 he was additionally responsible for the North American operations of thyssenkrupp Materials N.A., of which he is Chairman. With the establishment of thyssenkrupp Materials Europe GmbH on June 1, 2005, he took over as Chairman of the company's Executive Board and continued in this position after the company was renamed thyssenkrupp Materials International GmbH.

From October 2006 to September 2009 he was Vice Chairman of the Executive Board of thyssenkrupp Services AG, where he was primarily responsible for strategic corporate development. One particular focus was on developing activities in North America, Eastern Europe and South America, as well as establishing the aerospace and services business as core activities. This as well included business actions in Asia, which he was in charge of for several years, being located in Hong Kong.

Qualified export merchant, studied economics at the Open University of Hagen (Diplom-Ökonom graduate). Mr. Limberg has DIPLOM-ÖKONOM (Dipl.-Ök.) degree from the Open University of Hagen.

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 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).

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"). For more details on NLMK shareholder capital please follow the link.

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