15 December 2010 NLMK Group

NLMK New Management Board Approved

On 14 December 2010, the Board of Directors of NLMK approved a new Management Board. The new Management Board is comprised of: • Alexey Lapshin – President, Chairman of the Management Board; • Igor Anisimov – Senior Vice President, Head of Steel Division; • Galina Aglyamova – Vice President, CFO; • Dmitry Baranov – Vice President, Sales; • Alexander Gorshkov –Vice President, Head of Iron Ore Division; • Yuri Larin - Vice President, Development & Environment; • Alexander Saprykin – Vice President, Head of Coal Division; • Stanislav Tsyrlin – Vice President, HR & Management System. Vladimir Nastich was retired from the Management Board. In order to enhance the efficiency of NLMK’s management system, Igor Anisimov, who has been appointed as a new Senior Vice President – Head of Steel Division, will continue to be responsible for the implementation of the Technical Upgrade Program along with managing day-to-day operations at the main production site in Lipetsk.