PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN) announces MMK Board of Directors decisions, which were adopted on 25 April 2025.

The Board of Directors (�the Board�) recommended to the Annual General Meeting of Shareholders (�the AGM�) not to pay dividends for 2024.

The Board agreed to hold the AGM on 30 May 2025 and made following decisions, among others:

• To hold the AGM in person and combine it with absentee voting;

• To set the deadline for receipt of voting ballots on 28 May 2025;

• To approve 6 May 2025 (at the close of business) as the cut-off date for inclusion in the shareholder register for the AGM;

• Place of the AGM: 91 Kirov St., Magnitogorsk, MMK's Central Laboratory;

• Postal address for delivery of completed ballots: Office 20, 6 Gertsen Street, Magnitogorsk, 455008, Branch of STATUS Registrar;

• The e-mail address to which the persons entitled to participate at the AGM can send their completed voting ballots: shareholder@mmk.ru;

• The website address where the electronic form of the voting ballot can be completed: https://online.rostatus.ru/.