MMK Board of Directors Meeting Results

News Release

February 12th, 2016, Magnitogorsk, Russia

MMK Board Meeting Results

OJSC Magnitogorsk Iron and Steel Works ("MMK", or "the Company") (LSE: MMK) announces that the Board of Directors today approved 27 May 2016 as the date for the Annual General Meeting of Shareholders (AGM) of the Company.

The Board of Directors has approved the following agenda for the AGM:

1. Approval of the Company's annual report, annual financial statements including the profit and loss statement, as well as distribution of profit, including payment (announcement) of dividends, and losses based on the results of the 2015 financial year;

2. Election of members of the Company's Board of Directors;

3. Election of members of the Company's Audit Commission;

4. Approval of the Company's auditor;

5. Approval of remuneration payments to members of the Company's Board of Directors;

6. Approval of remuneration payments to members of the Company's Audit Commission;

The cut-off date for inclusion in the shareholder register for the AGM is 11 April 2016, at the close of trading on the London Stock Exchange. 

Notes for editors:

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2015, the company produced 12.2 million tonnes of crude steel and 11.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.

Contacts:

Investor Relations Department:

Andrey Serov, Head of IRtel.: +7 (3519) 24-52-97E-mail: [email protected] 

Communications Department: