MMK Publishes 2016 Annual Report

Magnitogorsk, "03" May 2017 News Release

MMK Publishes 2016 Annual Report

MMK (MMK:LI) is pleased to announce that the Annual Report for the year ended 31 December 2016 has been published on the Company's corporate website.

MMK 2016 Annual report is available to view at:

http://eng.mmk.ru/upload/iblock/a80/3%20AR%202016.pdf

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 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 2016, the company produced 12.5 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2016 of USD 5,630 million and EBITDA of USD 1,956 million.

Contacts:

Investor Relations Department

Andrey Serov

tel.: +7 (3519) 24-52-97

e-mail: [email protected]