On the date of the Annual General shareholders meeting and establishing the date of determination of persons entitled to receive dividends

the venue of the AGM: Russia, Chelyabinsk region, Magnitogorsk, Kirova str., 91, Central control laboratory of OJSC "MMK".

the Time of the AGM: the meeting is to begin 8:00 o'clock Moscow time.

In the agenda of the AGM of the Company includes:

1. Approval of the annual report, annual accounting (financial) statements of the results in 2019;

2. Distribution of profit, including payment (Declaration) of dividends upon results of the reporting in 2019;

3. Election of members of the Board of Directors of PJSC "MMK";

4. Approval of the auditor of PJSC "MMK";

5. Approval of the amount to be paid to members of the Board of Directors of PJSC "MMK" of remuneration and compensation.

At the meeting on 28 February 2020, the company's Board of Directors proposed to set a date for determining persons entitled to dividends for the 4th quarter of the reporting year 2019 – 17 June 2020 at the end of the operating day.

Previously, the Board of Directors of the Company at the meeting held on 4 February 2020, has recommended the AGM to approve the dividend payment for the operating results for the 4th quarter of 2019 in the amount 1,507 ruble per share, corresponding to 100% of free cash flow for the quarter.

Information about MMK

PJSC "MMK" is one of the world's largest steel producers and holds a leading position among the enterprises of ferrous metallurgy of Russia. The company's assets in Russia include a large metallurgical complex with full production cycle from preparation of iron ore raw materials and finishing deep processing of ferrous metals. MMK produces a broad range of steel products with a predominant share of products with high added value. In 2019, the Company produced 12.5 million tons of steel and 11.3 million tonnes of commercial steel products.

MMK is one of the industry leaders in production costs and profitability. The MMK Group's revenue for the year 2019 was 7 566 million dollars, EBITDA – 1 797 million dollars. MMK's debt burden is the lowest in the industry. The ratio of Net Debt/EBITDA by the end of 2019 is -0,13 H. Investment rating of the company is confirmed by leading world rating agencies: Fitch, Moody's, S&P.

MMK Ordinary shares listed on the Moscow Stock exchange and the Depositary receipts of the Company are traded on the London Stock Exchange. The proportion of shares in free float is 15.7%.

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