PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN) announces MMK Board of Directors decisions, which were adopted on 25 April 2025.

The Board of Directors (“the Board”) recommended to the Annual General Meeting of Shareholders (“the AGM”) not to pay dividends for 2024.

The Board agreed to hold the AGM on 30 May 2025 and made following decisions, among others:

• To hold the AGM in person and combine it with absentee voting;

• To set the deadline for receipt of voting ballots on 28 May 2025;

• To approve 6 May 2025 (at the close of business) as the cut-off date for inclusion in the shareholder register for the AGM;

• Place of the AGM: 91 Kirov St., Magnitogorsk, MMK's Central Laboratory;

• Postal address for delivery of completed ballots: Office 20, 6 Gertsen Street, Magnitogorsk, 455008, Branch of STATUS Registrar;

• The e-mail address to which the persons entitled to participate at the AGM can send their completed voting ballots: shareholder@mmk.ru;

• The website address where the electronic form of the voting ballot can be completed: https://online.rostatus.ru/.