Notice of Results

June 8, 2012

Notice of results

Magnitogorsk Iron & Steel works (LSE: MMK) will announce its IAS results for Q1 2012 ended March 31, 2012, on Friday, June 15, 2012.

Conference call will be held the same day at 3.00 pm Moscow time, 12.00 am London time, 7.00 am New York time.

Instructions on joining the conference:

Dial-in number: +7 3519 24 93 05

Password: 1234

Information on 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 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 the company produced 12.2 million tonnes of crude steel and 11.2 million tonnes of commercial steel products. MMK Group had sales in 2011 of USD 9.306 billion and EBITDA of USD 1.336 billion.

Contacts

Andrey Serov

+7 3519 24 52 97

e-mail: [email protected]