The annual general meeting held at Ural Precision Alloys Plant (the asset of Novolipetsk Iron & Steel Works, NLMK) resulted in the decision not to pay the dividends on ordinary registered uncertified shares for the financial year 2008.

The shareholders also elected the new BOD, consisting of five members, and approved of the annual report for 2008.

As it happens, NLMK bought a 47.99% share in the plant’s authorized capital from Maxi Group at an auction in late June 2008.