Notice of MMK IAS Results

March 31, 2011

Notice of results

Magnitogorsk Iron & Steel works (LSE: MMK) will announce its IAS results for 12 months 2010 ended December 31, 2010, on Thursday, April 07, 2011.

Conference call will be held the same day at 3.00 pm Moscow time, 12.00 am London time, 07.00 am New York time.

Instructions on joining the conference:

Dial-in number: +7 3519 24 93 05

Password: 1234

Information on MMK:

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 2010 MMK Group produced 11.4 mln tons of crude steel and 10.4 mln tons of commercial steel products.

Contacts

Evgeny Kovtunov

+7 3519 24 93 55

e-mail:  [email protected]