MMK NOTIFIES ABOUT CHANGES IN THE BOARD OF DIRECTORS

PJSC Magnitogorsk Iron & Steel Works ("MMK", "the Group") (MOEX: MAGN; LSE: MMK) notifies that Valery Martsinovich, Tav Morgan and Olga Rashnikova resigned from MMK’s Board of Directors in compliance with their applications.

The Group notifies that it has the obligatory quorum for holding Board meetings and making decisions stipulated by MMK's Charter. The tenures of the other members of the Board are valid, and the composition of the new Board of Directors will be considered at the Annual General Meeting of Shareholders.