KOKS disposal of nickel assets

Following approval by the AGM on June 7, 2010, OJSC “KOKS” (“Company” or “KOKS”) has completed the disposal of the Company’s nickel assets. A 100% stake in ZAO PO “Rezhnikel” and 97.5% of the shares of OJSC “Ufanickel” were acquired by Company’s controlling shareholders Zubitskies in equal portions for a cash consideration approved by the AGM. Commenting the disposal of nickel assets, Eugeniy Zubitsky, CEO of KOKS management company said: “These transactions will help KOKS focus on its core business and are in line with the stated strategy of creating an increasingly efficient, vertically integrated metallurgical group” KOKS Group is one of the leading vertically integrated metallurgical groups in Russia focused on the production of coking coal and iron ore concentrate and cast iron. The Group comprises coking coal production assets (two mines and one quarry in operation and two mines under construction), coal concentration mill, coke plant, iron ore assets, merchant cast iron and metal powder producer. In 2009, KOKS Group produces 1,670 ths tonnes of coal, 2,487 ths. tonnes of coke, 2,192 ths. tonnes of iron ore concentrate and 2,187 ths. tonnes of cast iron.