NLMK is pleased to announce that on 25 June 2009 it acquired a batch of shares in Maxi-Group subsidiaries, including the stock of NSMMZ, Uralvtorchermet and UZPS.  The auction was conducted to meet Maxi-Group obligations under previously taken loans.

As part of the auction, NLMK acquired:

-32% of NSMMZ charter capital (320,000 shares);

-100% of Uralvtorchermet charter capital (800,000 shares);

-47.99% of UZPS charter capital (1,439,999 shares).

The total value of the shares acquired reached RUR1.39 billion or USD44.5 million*.

The acquisition of NSMMZ, Uralvtorchermet and UZPS shares will enable NLMK to more efficiently manage these subsidiaries.

* Based on USD/RUR FX rate as at 25/06/2009.