The Supervisory Board of PJSC Azovstal Iron and Steel Works and PJSC Khartsyzsk Tube Works made several decisions with regard to changes in top management of the above mentioned steelmaking enterprises on September 23rd 2010.

The Board accepted resignation of Mr Dmitry Livshits GD of PJSC Azovstal Iron and Steel Works and PJSC Khartsyzsk Tube Works.

Supervisory Board appointed Mr Enver Tskitishvili in its capacity as acting GD of PJSC Azovstal Iron and Steel Works. Mr Tskitishvili previously held position of GD of CJSC Makiivka Iron and Steel Works.

The Board also appointed Mr Yuriy Zinchenko, the Chief Engineer of PJSC Khartsyzsk Pipe Plant as acting GD of PJSC Khartsyzsk Tube Works.

The question of election of the general directors by the shareholders of PJSC Azovstal I&SW and PJSC Khartsyzsk Tube Works will be on the agenda of the general shareholders’ meetings of the aforementioned enterprises. Meetings’ dates will be defined later.

Since being appointed the GD of Makiivka Steel in February 2008, Mr Enver Tskitishvili has implemented several large scale change projects aimed at restructuring of product range of the plant to improve plant competitive edge especially during the global crisis. Prior to taking the office of the CEO of Makiivka Steel Mr Tskitishvili had been the GD of Alchevsk Iron and Steel Works and the people deputy of Ukraine of the 4th convocation of Ukrainian Parliament.

Mr Yuriy Zinchenko had begun his career at Azovstal Iron and Steel Works in 1998 where he advanced from operator at Blast furnace shop to the Head of Azovstal Technical Department. In April 2009, Mr Yuriy Zinchenko was appointed Chief Engineer of PJSC Khartsyzsk Tube Works.