Moscow, Russia - 21 June 2017 - Metalloinvest hereby announces that Public Joint Stock Company "Mikhailovsky GOK" ("MGOK") acceded to the U.S.$ 800,000,000 4.85 per cent. guaranteed notes due May 2, 2024 (the "Notes") issued by Metalloinvest Finance Designated Activity Company (the "Issuer") as additional guarantor with effect from 21 June 2017. All information required to be disclosed with regards to MGOK can be reviewed in the listing particulars dated 27 April 2017 prepared by the Issuer in relation to the Notes.

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For more information, please contact:
Artem Lavrischev
Director of Investor Relations and Corporate Ratings
E: ir@metalloinvest.com
T: +7 (495) 981-55-55



 

_{Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.}

_{Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).}