News

17 November 2008

Company statement


Novolipetsk Steel (LSE: NLMK) announces that it has terminated the Agreement and Plan of Merger with DBO Holdings, Inc. for the acquisition of John Maneely Company, and the related $2 billion bridge loan facility it had entered into to finance in part the acquisition. The litigation brought by DBO Holdings, Inc. relating to the acquisition continues.

Contacts

Babichenko Sergey

Head of PR

+7 (495) 504 05 04

babichenko_sy@nlmk.com

Maria Simonova

Press Secretary

+7 (915) 322-62-25

simonova_mn@nlmk.com

Sergey Takhiev

Head of IR

+7 (495) 504 05 04

st@nlmk.com

All contacts