Re Tender Offer

2 May 2006 10:36

OJSC Novolipetsk Steel02 May 2006 OJSC Novolipetsk Steel 02 May 2006 OJSC Novolipetsk Steel (NLMK) Completes Tender Offer for Ordinary Shares in OJSC "KMA Ruda" OJSC Novolipetsk Steel (NLMK) announces that it completed a tender offer forOJSC KMA Ruda ordinary shares on 27 April, 2006. As a result of the tenderoffer, NLMK purchased 8.59% ordinary shares increasing its ownership in KMA Rudato 84.85%. KMA Ruda is a mining company located within 350 kilometers of NLMK's productionfacilities in Lipetsk. The company holds a leading position among Russiandeep-mining companies. KMA Ruda supplies NLMK with iron ore concentrate. For further information: NLMKAnton Bazulev +7 495 915 1575Financial DynamicsJon Simmons +44 207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange