MMK stock to be included in MOEX ⁠Blue Chip Index

PJSC Magnitogorsk Iron and Steel Works (“MMK” or the “Group”) (MOEX: MAGN) announces that its shares will be included in the Moscow Exchange Blue Chip Index as of 22 March 2024.

The Moscow Exchange Blue Chip Index is a market indicator of the most liquid stocks among Russian companies, or so-called blue chips. The index is calculated on the basis of transaction prices involving shares in the 15 companies on the Russian stock market with the highest liquidity.

In January and February 2024, the average daily trading volume of MMK shares nearly tripled compared with the same period in 2023 and totalled RUB 1.2 billion. At the same time, the average number of transactions involving MMK shares increased by 83%, to over 40,000 transactions per day.