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19 September 2008

Extraordinary General Meeting (EGM) – Results

Novolipetsk Steel (LSE: NLMK), the LSE-listed leading Russian steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting held on 19 September 2008.

The following resolution was put to NLMK’s shareholders on a poll at the Extraordinary General Meeting, and the results of voting were as follows:

Resolution Votes For   Votes Against  Votes Abstained  Results

To approve payment of interim dividend for the six months ended June 30, 2008 of RUR 2.0 per ordinary share (1 Global Depositary Share = 10 ordinary shares).




250 552



Further to the Dividend Declaration on 1 August 2008, the Board of Directors approved a record date for the half-yearly dividend of 2 August 2008 (00:00).

NLMK transfers funds for dividend payments on Global Depositary Shares (GDSs) to the depositary bank on 25 November 2008. Depositary bank sets payment date no later than 5 days after receipt of funds. Dividends on GDSs will be paid, by default, in U.S. dollars (USD) based on USD/RUR spot F/X rate on the day of currency conversion by the depositary bank.

Dividends on ordinary shares are paid within three months after the approval at the Extraordinary General Meeting of NLMK.