METALLOINVEST signed the social partnership programme for 2013 with the Kursk region administration and Zheleznogorsk administration

METALLOINVEST today signed a social partnership programme for 2013, which is part of the Social and Economic Partnership Agreement (the “Agreement”) with the Kursk region administration and Zheleznogorsk administration. The document was signed by Eduard Potapov, CEO of the Management Company METALLOINVEST; Alexander Mikhailov, Governor of the Kursk region; and Viktor Solntsev, the head of Zheleznogorsk.

The programme provides for a number of obligations related to priority investment projects aimed at the social development of the region and the town where Mikhailovsky GOK, one of the Company’s main plants, is located. In 2012, the overall amount contributed to the projects of the social partnership programme by the region, the town and METALLOINVEST totalled RUR528.2 mn, which is RUR81.3 mn higher than the initially planned amount. The Company provided RUR285.5 mn for the programme. In 2013, the parties will continue to implement key social projects under the Agreement.

Eduard Potapov, CEO of the Management Company METALLOINVEST, commented:

- Thanks to this Agreement, we are able to carry out large long-term projects. Last year, together with the region and the town, we provided more than half a billion roubles for the improvement of the living conditions for the inhabitants of Zheleznogorsk and the Kursk region. We completed a large-scale project for the construction of the Ice Palace, commissioned an important section of the regional highway and opened a branch of an oncology clinic in Zheleznogorsk. We also carried out a major overhaul of nurseries and schools, as well as landscaping works in the town. This became possible due to the long-term nature of the programme, as this enables us to plan for tomorrow, the day after tomorrow and one year ahead.

Alexander Mikhailov, Governor of the Kursk region, commented:

- Cooperation with METALLOINVEST allows us to identify priority areas for social investments and to efficiently and systematically solve immediate tasks ensuring the region’s sustainable development. In 2012, METALLOINVEST met its obligations under the Agreement in full, and I am sure our cooperation will be successful in the future.