MMK CFO leaves the company

MMK CFO leaves the company as his two-year contract terminates

Upon termination of a two-year contract with the OJSC MMK (MMK, the Company), MMK CFO Alexander Andrianov left the company today. MMK CEO Boris Dubrovsky said: "Mr. Andrianov's activity was focused on developing a consolidated planning, accounting and reporting system across the MMK Group, including its Russian and international assets, establishing a centralized accounting system and deleveraging. We have made a substantial progress in those directions. To make it possible, Mr. Andrianov had contributed a wealth of his own professionalism and commitment. I wish him every success in his future career."

Alexander Andrianov commented: "The two years that I had worked at MMK appeared to be both challenging and exciting. I am happy that I could make myself useful to one of the largest steelmaking companies in Russia and in the world. I wish the company management and the MMK Group to continue conquering new heights."

About MMK

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 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 2012 the company produced 13 million tonnes of crude steel and 11.9 million tonnes of commercial steel products. MMK Group had sales in 2012 of USD 9,328 million and EBITDA of USD 1,356 million.

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