Notice of Results

June 21, 2011

Notice of results

Magnitogorsk Iron & Steel works (LSE: MMK) will announce its IAS results for Q1 2011 ended March 31, 2011, on Friday, June 24, 2011.

Conference call will be held the same day at 2.30 pm Moscow time, 11.30 am London time, 06.30 am New York time.

Instructions on joining the conference:

Dial-in number: +7 3519 24 93 05

Password: 1234

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. MMK realises MMK-Atakas project in Turkey with annual capacity of 2.3 mln tons of flat steel. In 2010 MMK Group produced 11.4 mln tons of crude steel and 10.4 mln tons of commercial steel products. MMK Group revenue in 2010 stood at USD 7.719 bn, EBITDA at USD 1.606 bn, profit for the period - USD 232 mln.

Contacts

Andrey Serov

+7 3519 24 52 97

e-mail:  [email protected]