Information on the Dates of Fulfillment of the Issuer’s Obligations to the Securities' Holders

Material Fact Statement

Information on the Dates of Fulfillment of the Issuer’s Obligations to the Securities' Holders

1. General Information

1.1. Full official name of the Issuer Open Joint Stock Company

Magnitogorsk Iron and Steel Works

1.2. Abbreviated official name of the Issuer OJSC MMK

1.3. Location of the Issuer Ul. Kirova 93, Magnitogorsk, Chelyabinsk Region, 455000, Russia

1.4. Main state registration number (OGRN) of the Issuer 1027402166835

1.5 Taxpayer Identification number (INN) of the Issuer 7414003633

1.6. Unique code of the Issuer assigned by the registration authority 00078-А

1.7. Web-site address used by the Issuer for information disclosure http://www.mmk.ru/

2. Content of the Statement

2.1. Type, category, series and other identification criteria of the securities concerned:

Documentary interest-bearing non-convertible exchange-traded bearer bonds with a mandatory centralized custody of the BO-03 Series, with an early call option on the holders' request and at the Issuer's discretion ("the Bonds")

2.2. State registration number of the securities' issue (additional issue) and the state registration date (or an identification number of the securities' issue (additional issue) and the date of its assignment if in accordance with the Federal Law "On Joint Stock Companies" such a securities' issue (additional issue) is not subject to state registration): issue's identification number 4B02-03-00078-A dated November 11, 2009

2.3. Content of the obligation, and for a payment obligation or any other obligation which may be expressed in monetary terms, the size of such obligation in monetary terms: Following a competition to determine the coupon interest rate for the first coupon period for documentary interest-bearing non-convertible exchange-traded bearer bonds with a mandatory centralized custody of the BO-03 Series, in the quantity of 5,000,000 (five million) units with a nominal value of RUB 1,000 (one thousand rubles) each and the total nominal value of RUB 5,000,000,000 (five billions), with a maturity on the 1,092nd (one thousand and ninety second) day from the commencement of the issued bonds' placement, with an early call option on the holders' request and at the Issuer's discretion, placed through public subscription (identification number 4B02-03-00078-A dated November 11, 2009) ("the BO-03 Series Bonds") on September 23, 2010 by ZAO MICEX Stock Exchange, the coupon interest rate for the first coupon period of the BO-03 series Bonds shall be set at 6.47 (six point forty seven) per cent per annum of the Bonds' nominal value, which shall amount to 32 (thirty two) rubles and 26 (twenty six) kopecks per BO-03 series Bond for the first coupon period.

2.4. Date on which the Issuer’s obligation shall be fulfilled and in case the obligation must be fulfilled by the Issuer within a certain period (time period), the final date of such period: March 24, 2011

2.5. Fact of the Issuer’s obligation fulfillment or non-fulfillment (default): fulfilled

2.6. In case the Issuer’s obligation is not fulfilled – the reason of such non-fulfillment, and with respect to monetary obligation or other obligation which may be expressed in monetary terms, the amount of such obligation in monetary terms in which it is not fulfilled: obligation fulfilled

3. Signature

3.1 OJSC MMK’s Corporate Secretary

under power of attorney # 16-yur-427 dated 17.12.2010 V.N. Khavantseva

(signature)

3.2. Date «24 » March 2011 stamp