NLMK, the LSE-listed leading steel producer, today announces its consolidated US GAAP results for Q1 2014.
Q1 2014 KEY HIGHLIGHTS:

• Group’s steelmaking capacities were running at 92%.
• Steel sales went up to 3.866 million t (+8% quarter-on-quarter);
• Revenue totaled US$ 2,638 million (+5% quarter-on-quarter);
• EBITDA was US$ 468 million (+14% quarter-on-quarter);
• EBITDA margin was 17.7% (+1.4 p.p. quarter-on-quarter);
• Net income was US$ 174 million;
• Net debt totaled US$ 2,301 million (-15% quarter-on-quarter);
• Net debt/EBITDA was 1.39 (1.80 in Q4 2013).

OUTLOOK

• In Q2 2014, steel production is expected to remain stable quarter-on-quarter. Ongoing efficiency enhancement programs on the back of improved demand in key markets allow us to expect further growth in the Group’s profitability and income.

Conference call
To join the conference call, please, register on-line:
https://eventreg1.conferencing.com/webportal3/reg.html?Acc=975352&Conf=190561 or dial
International Number: +44 (0) 20 7031 0088
US Number: +1 334 323 6201
Conference ID: 944874
The conference call replay will be available through 27th May 2014.
International Replay Number: + 44 (0) 207 031 4064
US Replay Number: +1 954 334 0342
Replay Access Code: 944874

Contacts:
Investor Relations contact info:
Sergey Takhiev
+7 (495) 915 1575
tahiev_sa@nlmk.com

Media contact info:
Sergey Babichenko
+7 (916) 824 6743
babichenko_sy@nlmk.com