Stabilisation Notice

31st May 2007 17:09

Morgan Stanley Securities Limited31 May 2007 FINAL DISCLOSURE OF STABILISATION TRADING IN COMPLIANCE WITH ARTICLE 9.3 OF THEMARKET ABUSE DIRECTIVE STABILISATION DISCLOSURE MADE ON BEHALF OF MORGAN STANLEY SECURITIES LIMITED AND/OR ITS AFFILIATES OFFER: GDRs representing shares in Magnitogorsk Iron & Steel Works OJSCSTABILISATION START DATE: 24 April 2007DATE OF FINAL STABILISATION TRADE: 17 May 2007CONTACT: Julia Holden (+44 20 7677 5468) FINAL DISCLOSURE OF STABILISATION TRADING IN COMPLIANCE WITH ARTICLE 9.3 OF THEMARKET ABUSE DIRECTIVE Date Security Buy/Sell Quantity (Total High Low Currency for Day) Price Price 24/04/2007 MAGMA OJSC Buy 1,694,281 12.50 12.45 USD 27/04/2007 MAGMA OJSC Sell 1,010,000 12.70 12.70 USD 01/05/2007 MAGMA OJSC Sell 23,000 12.70 12.70 USD 03/05/2007 MAGMA OJSC Sell 2,451 12.70 12.70 USD 04/05/2007 MAGMA OJSC Sell 313,000 12.75 12.70 USD 09/05/2007 MAGMA OJSC Sell 225,700 12.70 12.65 USD 10/05/2007 MAGMA OJSC Buy 91,134 12.50 12.50 USD 11/05/2007 MAGMA OJSC Buy 202,957 12.50 12.50 USD 14/05/2007 MAGMA OJSC Buy 300,000 12.50 12.50 USD 15/05/2007 MAGMA OJSC Buy 100,000 12.50 12.50 USD 16/05/2007 MAGMA OJSC Buy 200,000 12.50 12.50 USD 16/05/2007 MAGMA OJSC Sell 175 12.75 12.75 USD 17/05/2007 MAGMA OJSC Sell 553,000 12.70 12.70 USD This information is provided by RNS The company news service from the London Stock Exchange

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