MMK-Trans Holding Sells MMK Trans to Globaltrans

Press Statement

December 19, 2012

MMK-Trans Holding Sells 100% Shares of MMK Trans to Globaltrans Group

MMK-Trans Holding (a joint venture of MMK Group and LiT, LLC, developing and implementing projects in the area of cargo shipment) and Globaltrans Group signed an agreement under which Globaltrans Group becomes the owner of 100% shares of MMK-Trans.

This deal also envisages signing a five-year shipping contract between the parties to transport at least 70% of cargoes of the MMK Group.

Information on 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 2011 MMK Group produced 12.2 mln tons of crude steel and 11.2 mln tons of commercial steel products. MMK Group revenue in 2011 stood at USD 9.306 bln, EBITDA at USD 1.336 bln. MMK Group revenue in 9M 2012 stood at USD 7.260 bln

Contacts:

Investor Relations Department:

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

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