PJSC Magnitogorsk Iron & Steel Works (MOEX: MAGN) notifies that the Analytical Credit Rating Agency (ACRA) has assigned AA+ (RU) credit rating to MMK’s series ZO-2024 (ISIN: RU000A105H64) notes (the “Replacement Notes”).

According to ACRA’s methodology, the credit rating of the Replacement Notes is equivalent to that of MMK’s and is set at AA+(RU).

MMK issues the Replacement Notes under requirements of the Russian legislation. The full information about the Replacement Notes can be found at https://mmk.ru/en/investor/info-for-investors/bonds/.

Investor Relations Department

Ilya Nechaev
+7 (909) 093-08-98

nechaev.ia@mmk.ru

Communications Department

Dmitriy Kuchumov  
+7 (499) 238-26-13

kuchumov.do@mmk.ru