Novolipetsk Steel  (LSE: NLMK) is pleased to announce that an investor call to discuss an acquisition of U.S. steel pipe and tube manufacturer John Maneely Company (JMC) hosted by Oleg Bagrin, Member of the Board of Directors, Galina Aglyamova, CFO, and Anton Bazulev, Investor and Government Relations Director, will be held on Thursday, August 14, 2008 at:

         6 p.m. (Moscow Time)

         3 p.m. (London Time)

         10 a.m. (New York Time)

Dial-in numbers to access the conference call are as follows will be  available shortly before the call at NLMK corporate web-site: www.nlmksteel.com