31 December ‘19

MMK EGM approves dividends for Q3 2019

PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: MAGN; LSE: MMK), one of the world’s largest steel producers, announces that an Extraordinary General Meeting of shareholders (“the EGM”) was held on 27 December 2019 with absentee voting.

Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of RUB 1.650 (incl. tax) per share for the third quarter of 2019.

The dividend will be paid in cash by bank transfer within the period and in the manner stated by the Federal Law on Joint-Stock Companies.

The dividend record date is set as the close of trading on 15 January 2020.

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