3 March 2010

Standard & Poor’s changes NLMK’s outlook rating to “stable”

NLMK notes that Standard & Poor’s, the international rating agency, has raised its outlook for NLMK's BBB- corporate rating from “negative” to “stable” and revised its national scale rating from ruAA+ to ruAAA. Standard & Poor's also assigned a BBB- priority unsecured debt rating to NLMK’s BO-06 ruble bonds. The bonds issue volume is RUR 10 billion. The full version of the press-release published by Standard & Poor’s can be found below: