16th Aug 2006 07:00
OJSC Novolipetsk Steel16 August 2006 Novolipetsk Steel (NLMK)16 August 2006 Dividend Declaration The Board of Directors of Novolipetsk Steel, NLMK (LSE: NLMK), the leadingRussian steel producer, today recommended for the approval of shareholders aninterim dividend in respect of the first six months of 2006 of RUR 1.5 perordinary share (1 Global Depositary Share = 10 ordinary shares). Payment of the dividend is subject to shareholder' approval at the ExtraordinaryGeneral Meeting of NLMK on 29 September 2006. The payment procedure isexercised in accordance with the following cash dividend process: • NLMK transfers funds for dividend payments on Global Depositary Shares (GDSs) to the depositary bank on 23 November 2006. Depositary bank sets payment date no later than 5 days after receipt of funds. Dividends on GDSs will be paid, by default, in U.S. dollars (USD) based on USD/RUR spot F/X rate on the day of currency conversion by the depositary bank. • Dividends on ordinary shares are paid within three months after the approval at the Extraordinary General Meeting of NLMK. The Board of Directors approved a record date for the half-yearly dividend of 16August 2006 (00.00). Contact: 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 ExchangeRelated Shares:
NLMK.L