OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) announces that the Magnitogorsk mill has successfully passed an audit complying with the requirements of the ISO 14001 International Standard.

The routine audit of the environmental management system, which has been in place at MMK since 2004, was carried out by TÜV NORD CERT (Germany). The audit programme was completed in full, with no non-compliance recorded. Based on its results, TÜV NORD CERT provided recommendations for improvement and concluded that the environmental management system reduces the negative impact on the environment of MMK operations. It also meets the requirements of the ISO 14001 International Standard.

Auditors from TÜV NORD CERT met with MMK’s senior management and discussed the outlook for implementing the mill’s environmental policy. Achievements were also made to decrease the mill’s impact on the environment.

In 2015, over 3.1 billion roubles* will be invested in the implementation of MMK’s environmental programme. It is expected that the measures will result in a reduction of atmospheric pollution by 13.6 thousand tonnes in 2015 (6% year-on-year), and water pollution by 2.5 thousand tonnes (3% year-on-year).

The audit was carried out in 16 of the mill’s structural departments, including the mining, coke and by-product shops, the departments of the Chief Millman and Electrical Supervisor, the arc-furnace plant and the locomotive department, as well as various functional structural departments.

Decrease in negative impact on the environment is a strategic goal of MMK. This is reflected in the environmental policy approved by the mill’s management, as well as its ISO 14001 certificate. The environmental programme for 2015 includes 52 events aimed at decreasing and avoiding atmospheric and water pollution, recultivation of land and the use of production waste. '45 of the events will take place in their entirety in 2015, with the remaining 7 carrying on into 2016.

*For reference: As of 23 October 2015, the RUB/USD rate was 62.7888.

Notes for editors:

MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex 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 2014, the company produced 13.0 million tonnes of crude steel and 12.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.

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

Communications Department:
Sergei Vykhukholev
tel.: +7 (499) 238-26-13
E-mail: vykhukholev.sv@mmk.ru
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru