Novolipetsk Steel (LSE: NLMK), a leading Russian steel company, is pleased to announce that its Board of Directors approved a decision to launch its bond program. The total value of the bond program that will be traded on the Russian debt market is RUR50 billion.  

More detailed information regarding loan structure and the financial position of NLMK can be found in the admission documents and information materials relating to the bond loan, which will be uploaded onto the website www.nlmk.com before the issue of the bond program.  

Proceeds from the placement of the bonds will be used to refinance short-term debt of the Company and other corporate purposes.