News

19 January 2006

OJSC Novolipetsk Steel (NLMK) completes the sale of 12% interest in Lebedinsky GOK


Further to the announcement on December 30th, 2005, OJSC Novolipetsk Steel, NLMK (LSE: NLMK) has completed the sale of its 12% interest (2,336,867 ordinary shares) in Lebedinsky GOK to CJSC "OEMK-Invest". As stated earlier, the deal is valued at USD 400 million in cash. This disposal is in line with NLMK's strategy of managing actively its asset portfolio.

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

All contacts