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15 December 2010

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.