Resolutions of the Board of Directors of MMK

Press Release

Resolutions of the Board of Directors of MMK

19.07.2013, Magnitogorsk

Magnitogorsk Iron and Steel Works ("MMK", or "the Company") (LSE: MMK) announces that the Company's Board of Directors held an official meeting on 19 July 2013.

The meeting approved the composition of MMK's collegial executive body, the Management Board, as follows:

·; Boris Dubrovsky, CEO, MMK;

·; Vladimir Ruga, Vice-President for External Communications, LLC MMK Managing Company;

·; Dmitry Usanov, Director of the Strategic Development Department, LLC MMK Managing Company;

·; Alexander Andrianov, Deputy General Director for Finance and Economics, OJSC MMK;

·; Vitaly Bakhmetyev, Deputy General Director for Commerce, OJSC MMK;

·; Pavel Shiliayev, Deputy General Director for Production, OJSC MMK;

·; Andrei Eremin, Director for Economics, OJSC MMK;

·; Marina Zhemchueva, Chief Accountant, OJSC MMK;

·; Oleg Kiykov, Director for Human Resources, OJSC MMK;

·; Sergei Krivoshchekov, Director for Corporate Matters and Social Programs, OJSC MMK;

·; Sergei Laskov, Director for Industrial and Occupational Safety and Environment Protection, OJSC MMK;

·; Yevgeni Redin, Director for Business Development and Performance Management, OJSC MMK;

·; Alexander Ushakov, Director for International Business Operations, OJSC MMK;

·; Oleg Tsepkin, Deputy Director for Security, OJSC MMK;

·; Sergei Shepilov, Director for Legal Matters, OJSC MMK.

The Board of Directors also approved a new edition of the Regulations on Remunerations and Compensation of Expenses of Members of the Board of Directors of OJSC MMK.

Contacts

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Andrey Serov, Head of IR

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