Nordea Investment Management’s Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs) MTL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-391,950	Closed	-$2.52M	–	879
2013 Q3	$2.52M	Sell	391,950 -71,819	-15%	-$461K	0.01%	390
2013 Q2	$2.67M	Buy	+463,769	New	+$2.67M	0.02%	364