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4 December 2014

Vice Presidents for Logistics and Sales join NLMK Group Management Board

At a meeting held on December 4, 2014, NLMK Board of Directors confirmed the changes to the makeup the Company’s Management Board. It was expanded from eight to ten members as a result of the inclusion of Ilya Guschin , Vice President for Sales; and Sergey Likharev, Vice President for Logistics.

The other members of the NLMK Group Management Board, which is led by President Oleg Bagrin, are: Alexander Burayev, Director for Long Products and Metalware; Brijesh Kumar Garg, Vice President, Procurement; Yuri Larin, Vice President, Technology Development & Operational Efficiency; Alexander Saprykin, Vice President, Strategic Raw Materials Division; Grigory Fedorishin, Vice President, Finance; Sergey Filatov, Managing Director; and Stanislav Tsyrlin, Vice President, Human Resources and Management System.

The meeting of the Board of Directors also approved the draft consolidated budget of NLMK Group for 2015.

For reference

Ilya Guschin joined NLMK in December 2013. From 2009 to 2013 he worked for SIBUR Group, including as head of SIBUR International; the group’s export division. From 2008 to 2009, he served as Financial Director at Skolkovo School of Management, Moscow. From 2002 to 2007 he held various positions at Microsoft. Ilya Guschin holds a PhD in Economics; and is a graduate of the Faculty of Economics, Moscow State University.

Sergey Likharev joined NLMK in October 2013. From 2012 to 2013 he was Aviation Business Director at Russian Machines Group; and Chairman of the Board of Directors of the Aviacor aviation plant. After serving as CEO of Aviacor Aviation Plant in Samara from 2004 to 2007, he became CEO of the Basel Aero airport group from 2008 to 2012. From 1993 to 2004, he held senior positions at Interros, Ostankino Meat Processing Plant, Golden Telecom, Cannon Associates and Coopers & Lybrand. From 1990 to 1993 he worked as a researcher at Moscow State University. Sergei Likharev holds a PhD in Physics and Mathematics; and a Masters of Business Administration from Cornell University.

About NLMK Group

NLMK Group is a vertically integrated steel company and Russia’s leading steel maker and manufacturer of rolled products with high added value. NLMK’s high-quality metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia.

NLMK has the most competitive cash cost among global manufacturers; and one of the highest profitability levels in the sector. During the first six months of 2014, the company generated $5.4 billion in revenue; $1,1 billion in EBITDA; and a net profit of $332 million.

NLMK’s ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI).