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Novolipetsk Steel

February 13, 2018

NLMK Board approves CEO candidate

At a meeting held on 13 February 2018, NLMK’s Board of Directors considered the nomination for the position of the Company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on at the Extraordinary General Meeting of Shareholders.

The Board of Directors also resolved to elect Oleg Bagrin as Chairman of the Strategic Planning Committee of NLMK’s Board of Directors.

NLMK’s Board of Directors also approved draft documents related to the preparation and holding of NLMK’s Extraordinary General Meeting of Shareholders, which will take place in the form of absentee voting with the deadline for the receipt of voting ballots being set as 12 March 2018.

Grigory Fedorishin

Grigory Fedorishin has been Senior Vice President, Deputy Chairman of the Management Board since March 2017. He served as Vice President for Finance from 2013 to 2017. In 2016, Mr. Fedorishin headed NLMK Group’s Long Products Division in Russia. From 2011 to 2013, he served as NLMK Director of Strategy and Business Development.          From 2009 to 2011, Mr. Fedorishin served as an investment manager at Libra Capital, a Moscow-based investment management company. From 2001 to 2009, he worked for PricewaterhouseCoopers consulting company where he held positions up to Director of Business Restructuring Practice.

Grigory Fedorishin graduated from Academy of Finance, Moscow. He holds a master’s degree (cum laude) in Business Administration from INSEAD business school, France & Singapore.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s high-quality steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.

NLMK operates production facilities in Russia, Europe, and the United States. The company’s steel production capacity exceeds 17 million tonnes per year.

In 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3õ. The company has investment grade credit ratings from S&P and Fitch.

NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). For more details on shareholder structure please follow the link.

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.




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