Public limited company

Magnitogorsk Steel Plant (MMK PJSC)

EXTRACT FROM THE MINUTES

OF MEETING 6

25 October 2021

Magnitogorsk

Subject: Resolution of the board of directors of the public joint stock company Magnitogorsk Iron and Steel Works taken by postal vote

In accordance with 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, chairman of the board of PJSC MMK, took the decision on October 20, 2021 on the ” adoption of the resolution of the board of directors of PJSC MMK by mail vote on the following items of the mail voting agenda:

1 Upon convocation of the Extraordinary General Meeting of Shareholders of PJSC MMK.

On the first item of the postal voting agenda, it was resolved:

1. In accordance with Articles 50, 51, 54, 55, 65 of the Federal Law “On Joint Stock Companies”, paragraph 4.29 of the General Shareholders Regulations
   Meetings No. 660-P adopted by the Bank of Russia on 11.16.2018, the charter of PJSC MMK and the regulations on the general meeting of shareholders of PJSC MMK, to convene the extraordinary general meeting of shareholders of PJSC MMK and for to define :
   – form of the Extraordinary General Meeting of Shareholders: postal vote;
   – the deadline for receipt of ballot papers (ballot submission date): December 24, 2021;
   – postal address for the delivery of completed ballot papers: Magnitogorsk Branch of
   Joint stock company “Registration company” STATUS, Karl Marx prospect 212,
   Magnitogorsk, 455008;
   – website address where the electronic form of the ballot can be filled in: https://online.rostatus.ru.
   – e-mail address to which persons entitled to participate in the Extraordinary General Meeting of Shareholders can send their completed ballot papers: [email protected];
   – date and time of establishment (fixing) of the list of persons authorized to participate in the Meeting: November 29, 2021 at the close of proceedings.
2. In accordance with article 48, paragraph 1, sub-paragraph 10.1, article 54, article 65, paragraph 1, sub-paragraph 3 of the Federal Law on Joint Stock Companies and sub-paragraph 10.3. 15 of paragraph 10.3 of the PJSC MMK charter, to approve the agenda of the Extraordinary General Meeting of Shareholders:

“Payment of dividends on the placed ordinary shares of PJSC MMK on the basis of the

2

performance results for nine months of the 2021 reference year ”.

3 In accordance with 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 (material) to be provided to persons authorized to participate in General meeting of shareholders of PJSC MMK:

• Extract from the minutes of the meeting of the board of directors of PJSC MMK “On the convening of the extraordinary general meeting of the shareholders of PJSC MMK”;
• PJSC MMK’s (financial) financial statements as at September 30, 2021 (under RAS), consolidated interim financial statements of MMK 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 the shareholders of PJSC MMK on the amount of dividends on the ordinary shares placed of PJSC MMK and the payment procedure of this on the basis of performance results for nine months of the reference year 2021, and proposal to the Extraordinary General Meeting of PJSC MMK shareholders to set the date on which the persons entitled to dividends must be determined ” .
• wording (draft) of the resolution of the extraordinary general meeting of shareholders of PJSC MMK on the item of the agenda.
  The aforementioned information is available for review by shareholders from December 3, 2021 on the Company’s website 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 in the Chelyabinsk region to ensure the sanitary and 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; Where
  Shareholders Relations Group, Pushkina prospect 6, Magnitogorsk (offices 421 and 426), working days 9:00 a.m. to 5:30 p.m. (Friday 9:00 a.m. to 4:15 p.m.), lunch break from 12:00 p.m. to 1:00 a.m. local time. For more information on the agenda, please call: (3519) 24-73-88,25-45-73, 25-60-22 or contact us by e-mail: [email protected], [email protected] .ru.
  4 In accordance with paragraph 5.2 of the regulations on the general meeting of shareholders of PJSC MMK, approve the format and wording of the notice to shareholders on the holding of the extraordinary general meeting of shareholders of PJSC MMK (annex).
  5 In accordance with Articles 52 and 54 of the Federal Law on Joint Stock Companies, paragraph 10.8 of the Charter of PJSC MMK and paragraph 5.1 of the regulations on the general meeting of shareholders of PJSC MMK to instruct the Secretary General of PJSC MMK:
• to publish the information on the holding of the Extraordinary General Meeting of Shareholders in the periodical printed newspaper Magnitogorsky Metall and to post it on the Company’s website website at www.mmk.ru no later than 23 November 2021;
• to send a ballot to each person registered in the register of PJSC MMK shareholders and authorized to participate in the Extraordinary General Meeting of Shareholders by registered mail on December 3, 2021 at the latest.

Viktor F. Rashnikov,

Chairman of the Board of Directors of

PJSC MMK