Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

1.1.The proposed Transaction involves the acquisition by OJSC Novolipetsk Steel

(“NLMK”, a company organized under the laws of Russia) of sole control of Steel Invest &

Finance (Luxembourg) S.A. (“SIF”, a company organized under the laws of Luxembourg),

a company which is presently under the jointcontrol of NLMK and Duferco Participations

Holding Limited.

2.The business activities of the undertakings concerned are:

• NLMK: carbon steel semi-finished and finished flat products, carbon steel semi-

finished and finished long products and electrical steel products;

• SIF: carbon steel semi-finished and finished flat products

3.Concurrently with (or shortly following) the completion of the Transaction,certain

businesses (the “Spin-Off Businesses”) presently controlled directly orindirectly by SIF

will be spun-off by the SIF group, and upon the completion of the spin-off of the Spin-Off

Businesses the SIF group (and NLMK) will hold no further interest in the Spin-Off

Businesses. The Spin-Off Businesses are: Carsid S.A., and the following assets and

activities of Duferco LaLouvière S.A. and its affiliates: the electric arc furnace and wire

rod mill located at the company’s site at La Louvière, Belgium and the wire drawing line

situated at the company’s site at Tildonk, Belgium.