OREANDA-NEWS. On April 16, 2007 NLMK's Board of Directors took the decision to hold a General Shareholders' Meeting on June 5, 2007.

According to the press service of NLMK, 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.