ENG: Dividend recommendation (7)

The Board of Directors of NLMK has recommended that the General Shareholders' Meeting declare dividends for 2011 on ordinary issued shares in the amount of RUR2.0 in cash per ordinary share (1 GDS = 10 ordinary shares). Taking into account the previously paid interim dividends for the first half of 2011 of RUR1.40 per ordinary share, additional payment will amount to RUR0.60 per ordinary share. (The dividend payout ratio is ~30% of 2011 US GAAP consolidated net income). AGM participation is based on the NLMK Shareholders’ Register as of midnight April 10/11th, 2012 For more information, please contact Investor Relations Department: Sergey Takhiev +7 495 915 1575 [email protected] you may also follow us on Twitter at @NLMK_IR