Metalloinvest announces changes to its Board Committees

Moscow, Russia - 31 January 2022 - Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces changes to its Board committees.

Audit Committee:

• Galina Aglyamova (Committee Chairman)
• Yerkozha Akylbek
• Irina Lupicheva
• Pavel Mitrofanov

Finance, Budgeting and Strategy Committee:

• Pavel Mitrofanov (Committee Chairman)
• Galina Aglyamova
• Valery Kazikaev
• Dmitry Tarasov
• Nazim Efendiev

Remuneration Committee:

• Yerkozha Akylbek (Committee Chairman)
• Ivan Streshinsky
• Dmitry Tarasov

Sustainability Committee:

• Manfred Grundke (Committee Chairman)
• Alexander Blumhardt
• Pavel Mitrofanov
• Nazim Efendiev

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If you have any questions, please contact us:

Artem Lavrischev
Investor Relations

E: ir@metalloinvest.com

T: +7 (495) 981-55-55, ext. 7243

Anton Troshin

Public Relations

E: pr@metalloinvest.com

T: +7 (495) 981-55-55, ext. 7629

Metalloinvest is a leading metals and mining company with the largest proven iron ore reserves on a JORC-equivalent basis
(15.4 billion tonnes and about 150 years of reserve life). The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.

Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.

Ticker (Bloomberg): METIN RU; official website: www.metalloinvest.com