OREANDA-NEWS. OJSC Novolipetsk Steel (LSE: NLMK) announces the results of voting at the Annual General Meeting (AGM) held on June 5, 2007.

According to the press service of NLMK, shareholders elected members of the Board of Directors, President of the Company (Chairman of the Management Board), the Company's Internal Audit Commission and approved amendments to the Company's Charter, Regulations on the Board of Directors and the Dividend Policy of NLMK.

NLMK shareholders have elected nine members to the Board of Directors: Vladimir Lisin (Chairman), Oleg Bagrin, Bruno Bolfo (independent director), Igor Fyodorov, Nikolai Gagarin, Dmitry Gindin (independent director), Karl Doering (independent director), Randolph Reynolds (independent director), Vladimir Skorokhodov. Thus, NLMK currently has four independent directors.

Alexey Lapshin was elected President of the Company (Chairman of the Management Board).

CJSC PricewaterhouseCoopers Audit was approved as the Company’s Auditor for 2007.

NLMK’s shareholders approved amendments to the Charter, Regulations on the Board of Directors and Dividend Policy.