OREANDA-NEWS. July 18, 2007. "Information on Facts Entailing a Single Increase or Decrease of the Issuer’s Assets' Value of More Than 10 Per Cent", reported the press-centre of ММК.

1. General Information

1.1. Full name of the Issuer
(for non-commercial organization – name) Magnitogorsk Iron and Steel Works Open Joint Stock Company

1.2. Abbreviated official name of the Issuer ОАО ММК

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

1.4. OGRN of the Issuer 1027402166835

1.5. INN of the Issuer 7414003633

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

1.7. WEB page used by the Issuer to disclose information http://www.mmk.ru/rus/shareholders/information/facts/index.wbp

2. Contents of the Statement

2.1. Fact (facts) entailing a single increase or decrease of the Issuer’s assets' value of more than 10%:
Increase of the authorized capital and additional capital as a result of IPO;
Increase of net profit;
Increase of retained earnings as a result of ZAO RFZ's merger into OJSC MMK;
Revaluation of fixed assets.

2.2. Date when the facts (fact) arose which entailed a single increase or decrease of the Issuer’s assets of more that 10%: 18.07.2007

2.3. Value of the Issuer's assets as of the date of the end of the accounting period (quarter, year) preceding the accounting period in which the relevant fact arose: RUB 126,095.866 million.

2.4. Value of the Issuer's assets as of the date of the end of the accounting period in which the relevant fact arose: RUB 176,077.100 million.

2.5. Change of the value of the Issuer's assets in absolute and relative terms (%): increase of the assets' value by RUB 49,981.234 million, or 39,6 %

3. Signatures
3.1. Corporate Secretary of OJSC ММК power of attorney # 16-yur-47 dated 07.02.2007 V.N. Khavantseva (signature)

3.2. Date: July 18, 2007          

3.3. Chief Accountant of OJSC ММК М.А. Zhemchueva (signature)

3.3. Date: July 18, 2007