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Novolipetsk Steel

December 21, 2015

NLMK shareholders approve Q3’15 dividend payment

NLMK’s Extraordinary General Meeting of Shareholders, which was held on Monday, 21 December 2015, approved payment of dividends for Q3 2015 in the amount of RUB11.7 billion, which is equal to RUB 1.95 per share.

Shareholders entitled to dividends for Q3 2015 will be determined on 8 January 2016.

The following dates were set for dividend payment:

up to and including 22 January 2016 for nominal shareholders and professional securities market participants (trust managers);

up to and including 12 February 2016 for other shareholders (including individuals).

For reference:

Q1 and Q2 2015 dividends

For Q2 2015, shareholders received 5,574 million rubles, which was equal to 0.93 rubles per share. For Q1 2015, shareholders received 9,829 million rubles, which was equal to 1.64 rubles per share. Thus, for H1 2015 shareholders received a total of 15.4 billion rubles, or 2.57 rubles per share.

NLMK Group Q3 2015 performance

In Q3 2015, free cash flow was $372 million; net income was $410 million. Net debt at the end of Q3 was $1.07 billion; net debt/EBITDA was 0.5õ.

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About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.  NLMK’s metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia. The company generated $6.371 billion in revenue; $1.628 billion in EBITDA; and a net profit of 891 million in 9M 2015. Net Debt/EBITDA is 0.5.

The company has a BBB- credit rating (Fitch Ratings).

NLMK’s ordinary shares are traded on the Moscow Stock Exchange (ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI).

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