Notice of Results

September 10, 2010

Notice of results

Magnitogorsk Iron & Steel works (LSE: MMK) will announce its IAS results for Q2 2010 ended June 30, 2010, on Thursday, September 16, 2010.

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:

OJSC 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 goods. In 2009 the company produced 9.6 mln tons of crude steel and 8.8 mln tons of commercial products. MMK Group revenue in 2009 stood at USD 5.081 bn, EBITDA at USD 1.285 bn, profit for the period - USD 219 mln.

Contacts

Evgeny Kovtunov

+7 3519 24 93 55

e-mail:  [email protected]