NLMK Extraordinary General Meeting (EGM) – Results

Novolipetsk Steel (LSE: NLMK), the LSE-listed leading Russian steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting held on 30 September 2010.

The following resolution was put to NLMK’s shareholders on a poll at the Extraordinary General Meeting, and the results of voting were as follows:
Resolution: To approve payment of interim dividend for the six months ended June 30, 2010 of RUR 0.62 per ordinary share (1 Global Depositary Share = 10 ordinary shares).

Votes for: 5 399 326 417 (94.6195%)
Votes against: 28 028 (0.0005%)
Votes abtained: 496 872 (0.0087%)
Results: carried

Further to the Dividend Declaration on 26 August 2010, the Board of Directors approved a record date for the half-yearly dividend of 26 August 2010 (00:00).

NLMK transfers funds for dividend payments on Global Depositary Shares (GDSs) to the depositary bank on 24 November 2010. Depositary bank sets payment date no later than 10 days after receipt of funds. Dividends on GDSs will be paid, by default, in U.S. dollars (USD) based on USD/RUR spot F/X rate on the day of currency conversion by the depositary bank.

Dividends on ordinary shares are paid within three months after the approval at the Extraordinary General Meeting of NLMK.