PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN) announces MMK Board of Directors decisions, which were adopted on 26 April 2024.

Considering financial results for 2023, the Board of Directors (“the Board”) is convinced that the Group sits in a stable position and can recommend the shareholders to approve the payment of a dividend of RUB 2.752 per share (including tax).

The Board recommended to Annual General Meeting of Shareholders (“the AGM”) to set 2023 dividend record date as 10 June 2024.

The Board made following decisions, among others:    

• To hold the AGM in absentia and set the deadline for receipt of voting ballots on 30 May 2024;

• Postal address for delivery of completed ballots: 212, Karl Marx Prospect, Magnitogorsk, 455008, Branch of STATUS Registrar;

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

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

• To approve 7 May 2024 (at the close of business) as the cut-off date for inclusion in the shareholder register for the AGM.