At an Extraordinary General Meeting held on 31 December 2022, NLMK shareholders did not approve the payment of 9M 2022 dividends recommended by the Board of Directors.

The Company assumes that the shareholders’ decision is dictated by high macroeconomic and geopolitical uncertainty. The payment of FY2022 dividends will be considered by the Annual General Meeting of Shareholders planned for June 2023.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe, and the United States. The Company’s steel production capacity exceeds 18 million tonnes per year.

NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.

For more information about NLMK Group, please visit our website.