OREANDA-NEWS. Metalloinvest (the “Company”) announces the re-election of the Board of Directors in a new composition and changes to the structure of the committees.

Ivan Streshinsky, the Chairman of the Board of Directors, commented: “Enhancing our corporate governance is one of our key priorities. We are glad to welcome two new members to the Board of Directors. Sergey Soldatenkov has vast experience working at one of the leading telecommunications operators and will help to improve employee development and motivation within the Company as Chairman of the new Remuneration Committee. At the same time, Dmitry Tarasov's professional knowledge and management experience will strengthen our work to increase operational efficiency”.

The Board of Directors now comprises the following members:

Ivan Streshinsky, Chairman

Galina Aglyamova, Independent Non-Executive Director

Valery Kazikayev, Independent Non-Executive Director

Vadim Levin, Independent Non-Executive Director

Irina Lupicheva, Non-Executive Director

Sergey Soldatenkov, Non-Executive Director

Natalia Chumachenko, Non-Executive Director

Andrey Varichev, Executive Director

Dmitry Tarasov, Executive Director

The Audit Committee now comprises the following members:

Galina Aglyamova, Committee Chairman

Vadim Levin

Irina Lupicheva

Sergey Soldatenkov

The Finance, Budgeting and Strategy Committee now comprises the following members:

Natalia Chumachenko, Committee Chairman

Valery Kazikayev

Andrey Varichev

Dmitry Tarasov

The new Remuneration Committee now comprises the following members:

Sergey Soldatenkov, Committee Chairman

Galina Aglyamova

Natalia Chumachenko

Biographies of new members:

Sergey Soldatenkov

Education

1986 - Graduated from the Leningrad Institute of Aviation Instruments with a degree in Radio Engineering

2007 - Obtained an MBA degree from the Moscow Technical University of Communications and Informatics

Professional Experience

1992 - 1993 - Executive Director at IMPEX-GROUP.

1993 - 1994 - General Manager of the Russian-British enterprise ARS.

1994 - 1999 - General Director of Delta-Telecom.

1999 - 2000 - Deputy CEO of Telecominvest.

2000 - 2002 - Deputy CEO for Commercial Affairs, Acting CEO and CEO of Petersburg Telephone Networks (later restructured under the name of North-West Telecom).

2002 - 2003 - Vice President of United Company GROS.

2003 - 2012 - CEO of MegaFon.

From 2012 - Chairman of the Board of Directors of MegaFon.

Dmitry Tarasov

Education

1985 - Graduated with a degree in Engineering Metallurgy from the Faculty of Non-Ferrous Metallurgy, Rare Metals and Alloys from the Moscow Institute of Steel and Alloys (MISIS)

1990 - PhD in Technical Sciences with specialisation in Ore Processing and Rare and Precious Metals Deposits Development from MISIS

Professional Experience

1985 - 1992 - Worked in various positions at the gold-mining units of the Main Directorate of the Diamond and Gold Mining Industry in the USSR Diamond and Gold Council of Ministers. He worked his way up from Project Engineer to Chief Engineer and Project Manager.

1992 - 1999 - Vice President of Investments and Major Construction Works at MISIS.

1999 - 2001 - Advisor to the Director of the State Fund for Precious Metals and Stones of the Russian Federation (Deputy Director) (Russian State Repository of Precious Metals).

2001 - 2002 - Deputy Director of the Agency for Foreign Investment of the Administrative Department of the President of the Russian Federation.

2002 - 2005 - Deputy Director for Strategy and Future Development at Gazmetall.

2002 - 2007 - Member of the Expert Committee for Metals and Mining of the State Duma of the Russian Federation; Member of the Coordination Committee for the Metals and Mining Sector of the Administration of the President of the Russian Federation; Deputy Chairman of the Committee for Metallurgy of the Commercial and Industrial Chamber of the Russian Federation; Member of the Management Board of the Union of Metal Product Exporters of the Russian Federation.

2005 - 2007 - Chairman of the Board of Directors of Mikhailovsky GOK.

From 2005 - Executive Director of ZAO Metalloinvest.

From 2007 - CEO of Ukrainian Metallurgical Ore Company.