Public Joint Stock Magnitogorsk Iron & Steel Works : Report on the results of voting at the extraordinary general shareholders' meeting

Public Joint Stock Company

Magnitogorsk Iron and Steel Works (MMK PJSC)

REPORT no.62

December 24, 2021

Magnitogorsk

Results of voting at the extraordinary general meeting of the shareholders of Public Joint Stock Company Magnitogorsk Iron and Steel Works

Full Name of the Company: Public Joint Stock Company Magnitogorsk Iron and Steel Works (hereinafter: PJSC MMK, the Company).

The Company's location and postal address: ul.Kirova 93, Magnitogorsk, 455000, Chelyabinsk Region, Russia

Type of general meeting of shareholders (hereinafter - General Meeting, Meeting) extraordinary.

Form in which the general meeting is conducted: absentee voting.

Date and time of identifying (recording) the persons entitled to participate in General Meeting: November 29, 2021 at the close of business.

Date of general meeting (expiry date of admission of voting ballots): December 24, 2021.

General meeting agenda:

"Payment of dividends on PJSC MMK's placed shares based on performance results in nine months of 2021 Reporting Year".

Chairman of the Meeting - Victor F. Rashnikov, Chairman of the Board of Directors of PJSC MMK.

Secretary of the Meeting- Victor M. Sedov, corporate secretary of OJSC

MMK.

ISSUE OF THE AGENDA:

"Payment of dividends on PJSC MMK's placed shares based on performance results in nine months of 2021 Reporting Year".

Number of votes owned by the persons included in the list of persons entitled to take part in the Meeting on this issue is 11,174,330,000.

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Number of votes attributable to the voting shares of the Company, as determined subject to the provisions of clause 4.24 of "Regulations on General Meetings of Shareholders" approved by the Bank of Russia on 16.11.2018 No. 660-P (hereinafter referred to as "Regulations on General Meetings of Shareholders") - 11,174,330,000.

Number of votes held by persons who participated in the Meeting on this issue 9,512,166,757, which in aggregate constitutes 85.1252% of the votes of the outstanding ordinary (voting) shares of the Company, subject to the provisions of point 4.24 of the "Regulations on General Meetings of Shareholders".

Quorum is present.

The decision was made on the agenda issue that was put to the vote:

To pay dividends on the PJSC MMK's placed ordinary shares based on the Company's performance results for nine months of 2021 reporting year in the amount of RUB 2.663 (including tax) per one share. The dividends shall be paid in monetary form, by money transfer within the period set by Federal Law "On Joint Stock Companies". To set the date on which the persons entitled to receive dividends on placed ordinary registered shares of PJSC MMK based on performance results for nine months of 2021 reporting year shall be determined as the close of business on January 13, 2022.

Number of votes cast for each of the voting options on the agenda item:

"In favour" - 9,512,016,107; "Against" - 150; "Abstained" - 16,800.

Pursuant to clause 2 of Article 49 of the Federal Law "On Joint Stock Companies", the decision on this issue shall be made by the majority of votes of the shareholders owning ordinary (voting) shares in the Company that participated in the Meeting on this issue.

It is hereby resolved:

To pay dividends on the PJSC MMK's placed ordinary shares based on the Company's performance results for nine months of 2021 reporting year in the amount of RUB 2.663 (including tax) per one share. The dividends shall be paid in monetary form, by money transfer within the period set by Federal Law "On Joint Stock Companies". To set the date on which the persons entitled to receive dividends on placed ordinary registered shares of PJSC MMK based on performance results for nine months of 2021 reporting year shall be determined as the close of business on January 13, 2022

PJSC MMK's Registrar acted as a counting commission:

Full business name: Joint Stock Company Registry society «STATUS».

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Company's location (address): 109052, Magnitogorsk, ul. Novokhokhlovskaya 23, bld. 1.

Authorized persons: Chairman of the Counting Commission - Sergey S. Yasko; members of the Counting Commission: Pavel S. Makarchev, Lilyana E. Tashkova.

______________ Victor F. Rashnikov, Chairman of the Meeting

______________ Victor M. Sedov, Secretary of the Meeting