NLMK BoD sets date for AGM as 24 April 2020

Press release

5 March 2020 

NLMK Board of Directors sets date for AGM as 24 April 2020

At a meeting held on 5 March 2020, the Board of Directors of NLMK Group, a global steel company, resolved to convene its Annual General Shareholders Meeting on 24 April 2020.

The Board suggested the shareholders re-elect Grigory Fedorishin as NLMK President (CEO)(Chairman of the Management Board).

The following BoD candidates were put forward to be voted on at the AGM:

· Oleg Bagrin 

· Thomas Veraszto

· Nikolai Gagarin 

· Joachim Limberg

· Vladimir Lisin 

· Marjan Oudeman

· Karen Sarkisov 

· Stanislav Shekshnia 

· Benedict Sciortino

· Sergey Kravchenko 

The list of persons eligible to participate in the AGM will be settled based on the Shareholder Register as on 30 March 2020.

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

Candidate's background

Sergey Kravchenko 

President of the Boeing International Russia/CIS region since 2002. In 2017, he was appointed Innovation Accelerator Leader of Boeing Global Services.

Dr. Kravchenko has worked at Boeing for more than 25 years. From 1994 to 2002, he was a Director in Boeing Commercial Airplanes in Seattle, Washington, and later served as Vice President for Engineering and Supply Management in the same branch. Dr. Kravchenko participated in creating the first Boeing engineering centre outside the U.S.

Before Kravchenko joined Boeing in 1992, he worked as a professor and as the lead scientist of the Russian Academy of Sciences. He also taught in Moscow and worked as a visiting professor and a research consultant in Sweden, the United States and South Korea.

Sergey graduated from Moscow Polytechnic University. He holds a doctorate degree, earned in 1991, and the title of professor since 1992. He has published more than 70 research papers and holds more than 20 patents in various areas of engineering.

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.

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