Public Joint Stock Magnitogorsk Iron & Steel Works : Extract from the minutes On convening the extraordinary general meeting of shareholders of MMK PJSC

Public Joint-Stock Company

Magnitogorsk Iron and Steel Works (MMK PJSC)

EXTRACT FROM THE MINUTES

OF THE MEETING № 6

October 25, 2021

Magnitogorsk

Re.: Resolution of the Board of Directors of Public Joint Stock Company Magnitogorsk Iron and Steel Works taken by absentee voting

Pursuant to Article 68 of the Federal Law On Joint Stock Companies, p. 11.23 of the Charter of PJSC MMK, Chapter IV of the Provision on the Board of Directors of PJSC MMK, Mr. Viktor F. Rashnikov, the Chairman of the Board of Directors of PJSC MMK, passed the decision on the 20th of October, 2021 on adopting the resolution by the Board of Directors of PJSC MMK by absentee voting on the following items of the absentee voting agenda:

1 On convening of the Extraordinary General Meeting of Shareholders of PJSC MMK.

On the first item of the absentee voting agenda it was resolved:

1. Pursuant to Articles 50, 51, 54, 55, 65 of the Federal Law "On Joint Stock Companies", paragraph 4.29 of the Regulations on General Shareholders'
   Meetings No.660-P adopted by the Bank of Russia on 16.11.2018, the Charter of PJSC MMK and Regulation on the General Meeting of Shareholders of PJSC MMK, to call the Extraordinary General Meeting of Shareholders of PJSC MMK and to define:
   - form of the Extraordinary General Meeting of Shareholders: absentee voting;
   - the deadline for receiving of voting ballots (ballots submission date): December 24th, 2021;
   - postal address for delivery of completed ballots: Magnitogorsk Branch of
   Joint Stock Company "Registrar Company "STATUS", Karl Marx prospect 212,
   Magnitogorsk, 455008;
   - website address where the electronic form of the voting ballot can be filled-in: https://online.rostatus.ru.
   - e-mail address to which the persons entitled to participate at the Extraordinary General Meeting of Shareholders can send their filled-in voting ballots: [e-mail];
   - date and time of drawing up (fixing) the list of persons entitled to participation in the Meeting: November 29th, 2021 at the close of business.
2. Pursuant to subparagraph 10.1 of paragraph 1 of Article 48, Article 54, subparagraph 3 of paragraph 1 of Article 65 of the Federal Law On Joint Stock Companies and subparagraph 10.3.15 of paragraph 10.3 of the Charter of PJSC MMK, to approve the agenda of the Extraordinary General Meeting of Shareholders:

«Payment of dividends on PJSC MMK's placed ordinary shares based on the

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performance results for nine months of 2021 Reporting Year».

3 Pursuant to Articles 52 and 54 of the Federal Law On Joint Stock Companies, paragraph 5.3 of the Regulations on the General Meeting of Shareholders of PJSC MMK, to define the list of information (materials) to be provided to persons entitled to participate in Extraordinary General Meeting of Shareholders of PJSC MMK:

• Extract from the Minutes of the Meeting of the Board of Directors of PJSC MMK "On convening of the Extraordinary General Meeting of Shareholders of PJSC MMK";
• accounting (financial) statements of PJSC MMK as of September 30, 2021 (under RAS), MMK's consolidated interim financial statements prepared in accordance with international financial reporting standards for the three, six and nine months ended September 30, 2021;
• Extract from the Minutes of the Meeting of the Board of Directors of PJSC MMK on " the Recommendation to the Extraordinary General Meeting of Shareholders of PJSC MMK on the size of dividends on PJSC MMK's placed ordinary shares and procedure of payment thereof based on the performance results for nine months of 2021 reporting year, and proposal to the Extraordinary General Meeting of Shareholders of PJSC MMK on setting the date on which the persons that are entitled to receiving the dividends are to be determined".
• wording (draft) of the resolution of the Extraordinary General Meeting of Shareholders of PJSC MMK on the item of the agenda.
  The above mentioned information is available for the shareholders' review from the 3d of December, 2021 on the Company's web-site at: https://mmk.ru/ru/about/corporate-governance/shareholders-meeting/documents/, as well as, if there are no obstacles (restrictions) related to the measures taken in the Russian Federation and (or) the Chelyabinsk region to ensure the sanitary- epidemiological well-being of the population in connection with the spread of a new coronavirus infection (COVID-19), at the addresses: Magnitogorsk Branch of
  Joint Stock Company "STATUS", Karl Marx prospect 212, Magnitogorsk; or
  Shareholders Relations Group, Pushkina prospect 6, Magnitogorsk (offices 421 and 426), on business days from 09.00 a.m. till 5:30 p.m. (on Friday from 09.00 a.m. till 4:15 p.m), lunch break from 12:00 p.m. to 1:00 p.m., local time. For more detailed information on the agenda, please call: [phone],25-45- 73, 25-60-22 or contact us by e-mail: [e-mail], [e-mail].
  4 Pursuant to paragraph 5.2 of the Regulation on the General Meeting of Shareholders of PJSC MMK, to approve the format and the wording of the notice to the shareholders on holding the extraordinary General Meeting of Shareholders of PJSC MMK (annex).
  5 Pursuant to Articles 52 and 54 of the Federal Law On Joint Stock Companies, paragraph 10.8 of the Charter of PJSC MMK and paragraph 5.1of the Regulation on the General Meeting of Shareholders of PJSC MMK to instruct the Corporate Secretary of PJSC MMK:
• to publish the information on holding the Extraordinary General Meeting of Shareholders in the printed periodical newspaper Magnitogorsky Metall and to post it at the Company's web-site at www.mmk.ru on the 23d of November, 2021 at the latest;
• to send a voting ballot to each person registered in the shareholders' register of PJSC MMK and entitled to participate in the Extraordinary General Meeting of Shareholders by registered mail on the 3d of December, 2021 at the latest.

Viktor F. Rashnikov,

Chairman of the Board of Directors of

PJSC MMK

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