NLMK to approve a decision to declare cash dividends for 2006

On April 16, 2007 NLMK's Board of Directors took the decision to hold a General Shareholders' Meeting on June 5, 2007. The Company's Board of Directors has recommended that the general shareholders' meeting approve a decision to declare cash dividends for 2006 on ordinary issued shares in the amount of RUR 3 per ordinary share. Taking into account previous interim dividend payments for the first half of 2006 of RUR 1.5 per ordinary share, the Board of Directors recommends paying an additional RUR 1.5 per ordinary share.     
The list of persons entitled to participate in the annual general meeting of the Company's shareholders will be prepared on the basis of the NLMK Shareholders’ Register as of 12 a.m., April 17, 2007.