MMK Announces AGM Results

The AGM elected MMK’s Board of Directors. The new Board of Directors comprises Victor Rashnikov, Pavel Shilyaev (CEO at MMK), Kirill Levin (Deputy Chairman of the Management Board at AO Russian Agricultural Bank), Nikolai Lyadov (Deputy CEO for Sales at MMK), Olga Rashnikova (Director for Finance at MMK), Zumrud Rustamova (Deputy CEO at OAO Polymetal), Sergey Sulimov (Deputy CEO for Finance and Economy at OJSC MMK). In addition, three directors were elected who meet the Russian Corporate Governance Code’s criteria for independence: Ruben Aganbegyan (General director at OAO Otkritie Holding), Valery Martsinovich (Strategic Director for European Fast Growing Markets Cluster at Hay Group), and Ralf Tavakolian Morgan (Director of the department at Baring Vostok Capital Partners Group Limited).

Alexander Maslennikov, Oksana Dyuldina, and Galina Akimova were elected as members of the Audit Commission. AO PricewaterhouseCoopers Audit was approved as the Company’s Auditor.

Shareholders approved remuneration and compensation for the Board of Directors and members of the Audit Commission for 2016-2017.

After the AGM, the first meeting of MMK’s new Board of Directors took place, at which Victor Rashnikov was elected as Chairman. The Board of Directors passed a resolution approving the following Committee Chairmen: Victor Rashnikov as Chairman of the Committee for Strategic Planning, Ruben Aganbegyan as Chairman of the Committee for Audit, and Valery Martsinovich as Chairman of the Committee for Nominations and Remuneration.

About MMK

Contacts:
Investor Relations Department:
Andrey Serov, Head of IR
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru

Communications Department: