OREANDA-NEWS. METALLOINVEST announces that its Board of Directors has approved the composition of two newly formed committees.

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

Ivan Streshinsky, Non-Executive Director (Chairman of the committee)

Eduard Potapov, Executive Director

Andrey Varichev, Executive Director

The Audit Committee comprises the following members:

Vadim Levin, Independent Non-Executive Director (Chairman of the committee)

Nikolay Krylov, Independent Non-Executive Director

Irina Lupicheva, Non-Executive Director

Farhad Moshiri, Chairman of the Board of Directors, commented: “Following a review of our Board committees, we have made some changes which we believe will enhance the effectiveness of the committees and improve our overall corporate governance. We are pleased to welcome the new members and look forward to their contribution in the future.”