MAGNITOGORSK, Rusland–(BUSINESS WIRE)– PJSC Magnitogorsk Iron & Steel Works (“MMK” of “de Groep”) (MOEX: MAGN; LSE: MMK) meldt over 2024 Eurobond couponbetaling in juni 2022.

US $ 500.000.000 4,375 procent. Gegarandeerde Obligaties met vervaldag 2024 (de “Notes”) uitgegeven door MMK International Capital DAC (de “Emittent”)

Gemeenschappelijke code: 184343495 / 111730628

ISIN: XS1843434959 / US553142AA88

Overeenkomstig de Trustakte aangegaan tussen de Emittent, PJSC Magnitogorsk Iron & Steel Works en Citibank, N.A., London branche op 13 juni 2019 (de “Trust Deed”), is 13 juni 2022 de geplande betalingsdatum voor de volgende couponbetaling voor de Obligaties (de “Intrest van juni 2022”).

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022

MAGNITOGORSK, Russia–(BUSINESS WIRE)– PJSC Magnitogorsk Iron & Steel Works (“MMK”, or “the Group”) (MOEX: MAGN; LSE: MMK) notifies about 2024 Eurobond coupon payment in June 2022.

U.S.$500,000,000 4.375 per cent. Guaranteed Notes due 2024 (the “Notes”) issued by MMK International Capital DAC (the “Issuer”)

Common Code: 184343495 / 111730628

ISIN: XS1843434959 / US553142AA88

Pursuant to the Trust Deed entered into between the Issuer, PJSC Magnitogorsk Iron & Steel Works and Citibank, N.A., London branch on 13 June 2019 (the “Trust Deed”), 13 June 2022 is the scheduled payment date for the next coupon payment for the Notes (the “June 2022 Interest”).

Given the existing uncertainty and restrictions regarding the transfer and receipt of funds (including, loan interest and coupon income) in various jurisdictions, in particular, cross-border payments, MMK is considering various options how it may facilitate the payment of the June 2022 Interest. MMK therefore and, in order to ease the payments, kindly requests the Noteholders (as defined in the Trust Deed) to disclose the following information to MMK:

(1) name of the Noteholder and type of Notes in holdings: Regulation S Notes (ISIN: XS1843434959) or Rule 144A Notes (ISIN: US553142AA88);

(2) the notional value of the Notes; and

(3) the location of the depository.

The information should be provided to MMK at ir@mmk.ru with subject “June 2022 Interest – Noteholders”.

Those Noteholders who do not wish to disclose the information requested above at this stage are invited to instruct their brokers/depository to disclose the information about their holding without providing the information on the UBO.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005366/en/

Contacts

Investor Relations Department

Veronika Kryachko

+7 (915) 380-62-66

kryachko.vs@mmk.ru

Communications Department

Dmitriy Kuchumov

+7 (499) 238-26-13

kuchumov.do@mmk.ru