OJSC Magnitogorsk MMK Decisions of MMK Board of Directors

  OJSC Magnitogorsk (MMK) - Decisions of MMK Board of Directors

RNS Number : 8907R
OJSC Magnitogorsk Iron &Steel Works
23 November 2012

                           Open Joint Stock Company

                      Magnitogorsk Iron and Steel Works

News Release

November 23, 2012


            Extraordinary shareholder meeting of MMK stockholders

                      will be held on December 29, 2012

The Board  of Directors  of MMK  (Magnitogorsk Iron  and Steel  Works) at  the 
meeting held on November 23 adopted a resolution on convening an extraordinary
general shareholders meeting (absentee voting) on December 29^th,2012.

The list of persons entitled to participate in the extraordinary shareholders'
meeting of the  Company's shareholders will  be prepared on  the basis of  the 
Shareholders' Register as of business close November 23^rd, 2012.

The Board of Directors set the following agenda for the extraordinary  general 
shareholders meeting:  payment of  dividends on  the Company's  placed  shares 
based on MMK's performance for 9 months of the 2012 financial year.

The Board of Directors recommended to the Extraordinary Shareholders'  Meeting 
to approve the payment of  dividends for the financial  period of 9 months  of 
2012 in the amount of RUB 0,28 per ordinary share.

MMK Investor Relations

Andrey Serov

T: +7 3519 24 5297

e-mail: serov.ae@mmk.ru

MMK Public Relations

Kirill Golubkov

T: +7 916 675 3081


Polina Rudyaeva

T: +7916810 8918

e-mail: rudyaeva.pi@mmk.ru

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCBKNDBDBDDFDB -0- Nov/23/2012 11:30 GMT
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