5 December 2012. Moscow - NLMK (LSE: NLMK), a leading Russian steel company, is pleased to announce that today its Board of Directors has approved the Group’s consolidated budget for 2013. The Board of Directors has also approved the decision to register the ruble bond program with a maturity of 3 years. The total value of the program is RUB50 billion. Detailed information on the structure of the program and NLMK’s financial standing will be published in the emission documents and program information materials via the company’s web-site (www.lipetsk.nlmk.ru
) prior to placement.
Proceeds from the placement of the bonds will be used to refinance the Company’s short-term debt, as well as for other corporate