PJSC Magnitogorsk Iron and Steel Works: Publication of Prospectus, Charter, Amendments and additions to the Charter

Publication of prospectus, charter, amendments and additions to the charter

11 june 2020

Magnitogorsk, Russia

PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that, in compliance with Listing Rules 14.3.11R and 18.4.3R, MMK has forwarded to the FCA for publication a copy of:

Copies of the documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of USD 7,566 mln and EBITDA of USD 1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Group's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's, S&P.

MMK's ordinary shares are traded on Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%.

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Investor Relations Department

Veronika Kryachko+7 (3519) 25-75-01[email protected]

media contacts

Dmitriy Kuchumov  +7 (499) 238-26-13[email protected]

Oleg Egorov+7 (499) 238-26-13[email protected]