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SCM and SMART-HOLDING made a deal with the owners of Clarendale Limited for an indirect acquisition of their 5% stake in Metinvest B.V. that owns the corporate rights in all the major assets of Metinvest Group. As a result of this deal and according to the agreements between SCM and SMART-HOLDING, the shareholders' stakes in Metinvest B.V. were eventually allocated as follows: SCM Group: 75%-1 share; SMART-HOLDING Group: 25%+1 share.

Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), announces its operational results for the second quarter of 2015 and the first six months ended 30 June 2015.

Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), today announced its auditedIFRS consolidated financial statements for the 12 months ended 31 December 2014.

In 9M 2014, Metinvest’s consolidated revenues decreased by 14% (or US$1,348 million) y-o-y. This was primarily due to a fall in sales of steel (US$805 million), iron ore (US$419 million), coal (US$90 million) and coke products (US$101 million), partly offset by an increase in sales of pig iron (US$145 million). The Metallurgical division accounted for 78% of external sales (76% in 9M 2013) and the Mining division for 22% (24% in 9M 2013).

Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), announced its unaudited IFRS interim condensed consolidated financial statements for the first six months ended 30 June 2014.

Metinvest Group, Ukraine’s largest taxpayer, increased tax payments by 73% in August despite the hostilities in Donbass.

The transaction between SCM and Smart-Holding on the merger of their metals and mining assets under jointly managed company Metinvest B.V. was closed on 14 July 2014. At the last stage of the transaction, Smart Group contributed 100% of the shares in Trosilia Holdings Limited (Cyprus) to the statutory capital of Metinvest B.V. Trosilia Holdings Limited indirectly owns 46.15% of the shares in PJSC Southern Iron Ore Enrichment Works.

For the full year, consolidated revenues rose by 2% to US$12,807 million. Operating profit increased by 4% to US$1,026 million, giving an operating margin of 8%, while adjusted EBITDA rose by 15% to US$2,291 million, driving the EBITDA margin to 18%.

Metinvest Group's metallurgical plants manufactured 33 new products in 2013. The economic benefit of these new products was $42.5 mln.