NLMK to hold AGM on 24 Apr 20 by absentee ballot

Press release

19 March 2020

NLMK Board resolves to hold AGM on 24 April 2020 by absentee ballot 

Due to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders' Meetings in 2020 by absentee voting, NLMK's Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24, 2020 in the format of absentee voting.

The following agenda was approved for the AGM:

1. Approval of NLMK's 2019 Annual Report

2. Approval of NLMK's FY2019 Annual Accounting (Financial) Statements

3. NLMK's profit distribution (including payment (declaration) of dividends) based on 2019 results

4. Election of members of NLMK's Board of Directors

5. Election of NLMK's CEO (Chairman of the Management Board)

6. Remuneration payment to members of NLMK's Board of Directors

7. Approval of NLMK's Auditor

The Board of Directors recognized the following candidates for election to NLMK Board as independent:

· Thomas Veraszto

· Sergey Kravchenko

· Joachim Limberg

· Marjan Oudeman

· Stanislav Shekshnia

· Benedict Sciortino

Benedict Sciortino was recognized as an independent director, despite being formally affiliated with the Company. Information about the Board of Directors' well-founded decision is published in full on the NLMK website at: https://nlmk.com/en/about/governance/board-of-directors/the-board-of-directors/.

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 has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 2019, the Company generated $10.6 billion in revenue and $2.6 billion in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.

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.

For NLMK Group's photos and corporate videos, please visit our media library.