At a meeting held on 23 December 2016, members of the Board of Directors of NLMK Group approved several new internal policy documents, namely NLMK Group Anti-Corruption Policy; Code of Ethics; and a new revision of NLMK Group’s Information Disclosure Policy.

The Anti-Corruption Policy and Code of Ethics are a fundamental part of the system which NLMK Group has in place for counteracting corruption. The system has been brought in line with all prevailing Russian and international laws and recommendations; and best international practices. It will enhance NLMK Group’s compliance with the obligations it took on when joining the Anti-Corruption Charter for Russian Business.

NLMK Group’s Information Disclosure Policy has been made compliant with the requirements set out in corporate law and also takes into account the guidelines set out by the Corporate Governance Code recommended for use by the Bank of Russia d.d. 10 April 2014. The Information Disclosure Policy outlines the key objectives, principles and means of information disclosure required to ensure transparent relations with shareholders, the investment community and other stakeholders.

The Board of Directors also approved a number of interested party transactions.