Severgroup is a private business group founded in 1993 with a diversified portfolio of assets, owned by Alexey Mordashov The Group was formed to develop established businesses and invest in attractive new projects. Severgroup’s core investment areas are currently: metallurgy and minerals, power plant engineering, gold mining, woodworking, tourism, wholefood e-commerce, banking, high-tech venture capital, media, advertising, and telecommunications. The Group directly or indirectly owns shares and interests in the following companies: Metallurgy • Severstal • Nord Gold • Aterra Capital Power engineering • Power Machines Woodworking • Sveza Banking • Metcombank Telecoms • CTC Media • Tele2 Russia • National Media Group Fast-moving consumer goods • TUI AG • TUI Russia • Utkonos Venture capital financing • S-Group Capital Management We recognise that the success of every business lies in its people! A company’s profitability and sustainability are built on the commitment and drive of its managers and employees, and their capacity to problem-solve. The ongoing development of employees across our enterprises is a priority for the Group, and we are consistently developing innovative education programs and initiatives to improve employee engagement. We are committed to creating a positive business environment through implementing best practices. These have been proven over our decades of experience, managing companies recognised as leaders in their sectors. The Business System programs successfully employed at Severstal, Power machines and Sveza are just one example of these initiatives. The Business System programs significantly enhance investment efficiency through improving business processes and employee engagement.