REPLACEMENT. Notice of Results

GENERAL TEXT AMENDMENT

The following amendment has been made to the "Notice of Results" announcement released on November 18, 2014 under RNS No 3167X

The second sentence should read as follows:

"Conference call will be held the same day at 4.00 pm Moscow time, 1.00 pm London time, 8.00 am New York time".

All other details remain unchanged.

The full amended text is shown below.

Notice of results

Magnitogorsk Iron & Steel works (LSE: MMK) will announce its IFRS results for Q3 and 9M 2014 ended September 30, 2014, on Friday, November 21, 2014.

Conference call will be held the same day at 4.00 pm Moscow time, 1.00 pm London time, 8.00 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 high-value-added products. In 2013 the company produced 11.9 million tonnes of crude steel and 11 million tonnes of commercial steel products. MMK Group had sales in 2013 of USD 8,190 million and EBITDA of USD 1,223 million.

ContactsAndrey Serov +7 3519 24 52 97 e-mail: [email protected]