FOR IMMEDIATE PUBLICATION

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE (DIRECT OR INDIRECT), IN WHOLE OR IN PART OF THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, JAPAN, AND JAPAN. PLEASE READ THE SECTION "IMPORTANT NOTE " LOCATED AT THE END OF THIS ANNOUNCEMENT.

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS ACCEPTED BY INSIDER INFORMATION STATEMENTS 7 FOR THE REPRESENTATION OF STATES (FROM THE MOMENT OF PUBLICATION OF THIS ANNOUNCEMENT, THE SPECIFIED INSIDER INFORMATION WILL BE CONSIDERED PUBLICLY. The Company ”; ticker on the Moscow Exchange: MAGN) announces that Minta Holding Limited (“ Minta ”), of which Mr. V. Rashnikov is the ultimate beneficiary, has sold 335,229,900 issued ordinary shares (“ Outside Shares ”) to the Company, constituting 3% of its authorized capital ("Sale"). The Offered Shares were sold to Goldman Sachs International for resale to investors (the “Offering”).

Prior to the sale, Minta's share in the Company's share capital was 84.26%. As a result of the Sale, Minta's share in the share capital of the Company was 81.26%. Before the Offering, the free float of the Company's shares was 15.84%. Upon completion of the Placement, assuming that all of the Offered Shares will be sold, the Company's free float will amount to 18.74%.

Subject to the terms of the Placement, Minta will not dispose of the rest of its ordinary shares within 60 days from April 26 without the consent of Goldman Sachs International, subject to standard exceptions.

Goldman Sachs International acted as the sole bookrunner of the Placement.

MMK will not receive any proceeds from the Placement.

The Offered Shares in all respects have a status equal to the status of the Company's ordinary shares.

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