Payment of dividends on issued shares of PJSC MMK based on the results of the first nine months of 2017.

The decision establishes a new precedent for the frequency of the company's dividend payments. In line with the Company's current dividend policy and global best-practice in the field of corporate governance, MMK will aim to pay dividends to shareholders on a quarterly basis going forward.

The size of the dividend and the cut-off date for eligibility to receive it will be determined following publication of MMK's financial results for the first nine months of 2017 in accordance with International Financial Reporting Standards (IFRS), planned for early November 2017.

In taking the decision regarding the recommended size of the dividend, the Board of Directors will be guided by the Company's financial standing and profitability, the dividend yield and forecast free cash flow.

The Board of Directors determined the:

OAO MMK - Magnitogorskiy Metallurgicheskiy Kombinat published this content on 16 October 2017 and is solely responsible for the information contained herein.
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