OREANDA-NEWS. On December 29, 2007 NLMK submitted an offer to the shareholders of OJSC Stagdok, OJSC Dolomite and OJSC Altai-koks to buy out the shares of these companies. The offer aims at improving efficiency in managing those subsidiaries and is performed under the Russian Federal Law.

Based on independent valuation, acquisition price for the shares will be: OJSC Altai-koks – RUR12.53 per share; OJSC Stagdok - RUR3,602.03 per share; OJSC Dolomite – RUR754.74 per share.

CJSC Investment Company "Libra Capital" will serve as an Agent for the acquisition of shares. The Agent will establish Share Purchase Agreements with each shareholder, willing to sell its shares.

The shares are to be transferred to NLMK’s accounts within 15 days from the acceptance of the offer by the Seller.

The payment for shares under acquisition will be made by bank transfer within 15 days from the date of credit entries on NLMK’s account in shareholder registers of the above companies.

Applications for the sale of shares shall be sent to:  CJSC Investment Company "Libra Capital", 127051, Russian Federation, Moscow, ul. Sadovaya-Samotechnaya, 24/27, as well as CJSC Investment Company "Libra Capital", Lipetsk Branch, 398017, Lipetsk, ul. 9 Maya, 10B.