MMK Board Meeting Results

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world’s largest steel producers, is pleased to announce that the MMK Board of Directors held a meeting on 23 April 2021.
The Board of Directors recommended that the Q4 2020 and Q1 2021 dividend record date be set as the close of business on 17 June 2021.
Earlier at the meetings held on 29 January 2021 and 20 April 2021, the Board of Directors recommended the AGM to approve the payment of dividends for Q4 2020 of RUB 0.945 per share and for Q1 2021 of RUB 1.795 per share.

At the meeting, the Board made the following decisions, among others:

1) To approve 2020 MMK’s Annual Report.

2) To hold Annual General Meeting of Shareholders (AGM) in absentia

• The deadline for receipt of voting ballots (the date of voting ballots receipt): 28 May 2021;

• Postal address for delivery of completed ballots: 455008, Magnitogorsk, Branch of STATUS Registrar, 212, Karl Marks Prospect, Magnitogorsk;

• The website address where the electronic form of the voting ballot can be completed: https://online.rostatus.ru/;

• The e-mail address to which the persons entitled to participate at the AGM can send their completed voting ballots: shareholder@mmk.ru.

3) The Board of Directors approved 4 May 2021 (at the close of business) as the cut-off date for inclusion in the shareholder register for the AGM.

The agenda for the AGM will include:

• Approval of the Company's annual report and annual financial statements for the 2020 financial year;

• Distribution of profit, including payment (announcement) of dividends, based on the results of the 2020 financial year;

• Election of members to the Company's Board of Directors;

• Approval of the Company's auditor;

• Approval of remuneration payments to members of the Company's Board of Directors;

• About dividends payment on issued ordinary shares of MMK for Q1 2021.