The newly elected Board of Directors of NLMK Group held its first meeting today following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board.

The Board of Directors approved a schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees.

Strategic Planning Committee:

Chairman – Vladimir Lisin, members: Oleg Bagrin, Benedict Sciortino (independent director), Tomas Veraszto (independent director), Karen Sarkisov, Helmut Wieser (independent director), Franz Struzl (independent director), Karl Doering.

Audit Committee:

Chairman – Benedict Sciortino (independent director), members: Franz Struzl (independent director), Nikolai Gagarin, Karen Sarkisov, Stanislav Shekshnia (independent director).

Human Resources, Remuneration, and Social Policies Committee:

Chairman – Stanislav Shekshnia (independent director), members: Vladimir Lisin, Helmut Wieser (independent director).