PJSC Magnitogorsk Iron and Steel Works: Notice of Q4 & 12M 2020 Financial Results

Notice of Q4 & 12M 2020 IFRS results webcast & conference call

25 january 2021

Magnitogorsk, Russia

PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to invite the investment community to join MMK Q4 & 12M 2020 IFRS results webcast & conference call.

MMK management will hold a conference call on these financial statements on 2 February 2021 at 4:30 pm Moscow time (1:30 pm London time, 8:30 am New York time).

• Date:
  2 February 2021

• Time:
  16:30 Moscow time
  13:30 London time
  8:30 New York time

Russia

UK

USA

Local access

+7 495 646 9190

+44 (0) 330 336 9411

+1 323-794-2588

Toll free

8 10 800 2867 5011

0800 279 7204

888-394-8218

• Conference ID:

Russian - 8965121

English - 1397890

• Webcast:
  To register for the webcast please use the following link.

The call recording will be available for seven days via the following numbers:

Call recording ID:

Russian - 8965121

English - 1397890

Russia

UK

USA

Local access

8 10 800 2702 1012

+44 (0) 207 660 0134

+1 719-457-0820

• A presentation of the financial results and the IFRS financial statements can be found at: http://eng.mmk.ru/for_investor/financial_statements/

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of USD 7,566 mln and EBITDA of USD 1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Group's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's, S&P.

MMK's ordinary shares are traded on Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%.

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INVESTOR RELATIONS DEPARTMENT

Veronika Kryachko
+7 915 380 6266 [email protected]

ESG DEPARTMENT

Yaroslava Vrubel
+7 982 282 9682
[email protected]

COMMUNICATIONS DEPARTMENT

Dmitry Kuchumov
+7 985 219 2874 [email protected]

Oleg Egorov
+7 903 971 8837
[email protected]