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Novolipetsk Steel

December 28, 2016

Dmitry Stopkevich appointed Head of NLMK’s Long Products Division

NLMK Group, an international steelmaking company with operations in Russia, Europe and the USA, is pleased to announce the appointment of Dmitry Stopkevich as the new CEO of NLMK Russia Long Products Division (NLMK Long Products), one of the largest manufacturers of long products and metalware in Russia.

The division was previously managed by Grigory Fedorishin, who was appointed Head of NLMK Long Products in January 2016 and concurrently held the position of CFO for NLMK Group. NLMK Long Products, which operates in a challenging market environment, possessed significant potential for development. Mr Fedorishin was set the goal of increasing the division’s operational efficiency.

Grigory Fedorishin will now focus on the development of NLMK Group's new strategy, which will be presented to shareholders in early 2018.

Oleg Bagrin, NLMK Group CEO, said: “I would like to thank Grigory Fedorishin for the enhancements to the division’s operations that he has overseen. Improved cost control, a growth in export sales and the launch of an end user sales network have helped to deliver an 8% increase in steel output during 9M 2016 in spite of a declining market. Meanwhile, steel product sales have grown by 13% and the utilization rate has reached 80%. The goal for the newly appointed head of the division is to continue to develop the existing potential and consolidate NLMK's position in the long products market”.

Dmitry Stopkevich's background

Dmitry Stopkevich has been with NLMK Group since September 2016, serving as Deputy Head of NLMK Long Products Division. He began his career in the metals & mining industry in 1999 and has worked in EVRAZ Holding and RUSAL. From 2004, he occupied a variety of leadership positions in OMK, including in procurement and development of the OMK production system and OMK business system. He was CEO of OMK-EcoMetal; and served on the Management Board of OMK from 2012 to 2015. He graduated from Moscow State University of Railway Engineering in 1999 with a degree in “Equipment and technology to increase the durability and recovery of machine parts and devices”. He received an MBA from Academy of National Economy under the Government of the Russian Federation in 2004.

About NLMK Russia Long Products Division (NLMK Long Products)

NLMK Long Products is one of the largest producers of long products and metalware in Russia. NLMK Long Products facilities come together to form an integrated production cycle, beginning from scrap collection and processing right through to the manufacturing of HVA steel products such as rebar, wire rod and metalware. NLMK Long Products hold a greater than 20% share of the Russian rebar market.

The division’s main steelmaking assets are NLMK Ural (EAF operations and long products manufacturing) located in Sverdlovsk region, NLMK Metalware (metalware operations) and NLMK Kaluga (EAF steelmaking, long products and sections) located in Kaluga region. In addition, there is also NLMK Ural Service and Vtorchermet NLMK (a scrap collection and processing unit).

NLMK Long Products’ production capacity is 3.7 million tpa of steel, 2.9 million tpa of long products, 0.5 million tpa of metalware; and its scrap processing capacity is 3.5 million tpa.

About NLMK Group

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

NLMK’s metal products are used in various industries, from construction and engineering to the manufacturing of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest levels of profitability in the sector. In 9M 2016, the Company generated $5.671 billion in revenue and $1,423 billion in EBITDA. As of 30 September 2016, Net debt/EBITDA stood at 0.39õ.

NLMK’s free-float is 16%, its 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). For more information on shareholder structure please follow this link.

NLMK Group was recognized as Steel Industry Leader (Industry Leadership Awards - Steel) at the prestigious 2016 Platts Global Metals Awards held by leading international periodical S&P Global Platts, which provides analytical information on commodities and energy markets.




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