MMK Posted 1H 2013 Financial Report by RAS

Magnitogorsk, "29" July 2013 News Release

MMK Posted 1H 2013 Financial Report by Russian Accounting Standards

Open Joint Stock Company Magnitogorsk Iron and Steel Works (OJSC MMK, MMK) announced that the Company posted its 1H 2013 Financial Report today in accordance with Russian Accounting Standards (RAS). Full report is available in the Russian language on: http://eng.mmk.ru/for_investor/financial_statements/dynamics/

The RAS-based results are not indicative of the financial performance of MMK Group under IFRS.

MMK Group's 1H 2013 Financial Report compliant with IFRS will be issued in late August.

About MMK

MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. 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 higher value added products. In 2012 MMK Group produced 13 mln tons of crude steel and 11.9 mln tons of commercial steel products. The MMK Group's revenue in 2012 totalled USD 9.328 bln, with EBITDA at USD 1.356 bln.

Contacts:

Investor Relations Department:

Andrey Serovtel.: +7 (3519) 24-52-97E-mail: [email protected] 

MMK Communications Department: