AGM Results 2012

30 May 2012

Results of voting at the 2012 Annual General Meeting

NLMK (LSE: NLMK) announces the results of voting at the Annual General Meeting (AGM) held on 30 May 2012.

Shareholders approved the Company's 2011 annual report, annual financial statements and allocation of profit, including the dividend payment for the financial year 2011.

NLMK's shareholders approved the total dividend for the financial year 2011 of RUB2.0 per ordinary share. Taking into account the previously paid interim dividends for the first half of 2011 of RUB1.4 per ordinary share, additional payment will amount to RUB0.6 per ordinary share.

NLMK shareholders elected members to the Board of Directors, the Internal Audit Commission and the President of NLMK (Chairman of the Management Board) and approved the external auditor of the Company.

NLMK shareholders elected nine members to the Board of Directors: Vladimir Lisin, Oleg Bagrin, Nikolai Gagarin, Karl Doering, Helmut Wieser (independent director), Karen Sarkisov, Vladimir Skorokhodov, Benedict Sciortino (independent director) and Franz Struzl (independent director).

NLMK shareholders elected five members to the Company's Internal Audit Commission: Ludmila Kladienko, Valery Kulikov, Sergey Nesmeyanov, Larissa Ovsyannikova, and Galina Shipilova.

Alexey Lapshin was elected President of the Company (Chairman of the Management Board).

ZAO PricewaterhouseCoopers Audit was approved as the Company's Auditor and was authorised to conduct an audit of the Company's financial statements prepared in accordance with Russian Accounting Standards (RAS) and US Generally Accepted Accounted Principles (US GAAP).

NLMK's shareholders approved the remuneration of members of NLMK's Board of Directors for 2011. The remuneration was determined in accordance with the Regulations on the Board of Directors Members' Remuneration. The total remuneration of Board Members for 2011 amounted to US$2.091 million.

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For further information, please contact:

NLMK

Investor Relations

Sergey Takhiev

+7 495 915 1575

[email protected]