Investor Presentaiton

Domestic growth > Machinery Domestic Market Strategy - Machinery (23% of Maintain leadership and capture growth sales) . • • Sector highlights • Machine building and white goods segments enjoy strong investment inflow and government support Investments into machinery and equipment manufacturing increased 2 fold (y-o-y)* NLMK plans for output growth +30% saleable products (HRC, CRC, galvanized and pre-painted steel) increase by 2012 Main steps Our products go to: • Machinery and equipment. Automotive • White goods • Yellow goods Condition of industrial fixed assets* 3 CR mills, 1 pre-painting and 1 galvanizing line 100% 10% • High grade transformer steel output increase 80% . Market share in 2007 C.35% in machine-building ■Fully depreciated 70% 60% 90% 40% • C.50% in white goods manufacturing 20% In useful life 30% 0% Developed countries Russia *Goskomstat, company estimates 10

View entire presentation