direct/ OJSC Magnitogorsk: Statement re conference call

July 16, 2007 - MMK will be holding a conference call on Tuesday, July 17, 2007. The call is dedicated to the 75th anniversary of the company and its strategic development plans.

Key participants from MMK include:

- MMK Chairman Mr. Rashnikov
- Vice-president for finance and economy (CFO) Mr. Shmakov
- Vice-president for property management Mr. Krivoshchekov
- Vice-president for commerce - director for sales Mr. Vier

The presentation to this event is available at MMK web-site at
http://www.mmk.ru/eng/invrelations/presentations/index.wbp

The conference call will begin with an introductory word of the Chairman on the company´s strategy, which will then be followed by a Q&A session.

Instructions on joining the conference:

Dial-in number: +7 3519 24 93 05

Password: 1234

Conference call start-up: 5 pm Moscow time, 2 pm London time, 9 am New York time.

Once you are invited to ask questions, please press # to request the floor. When queued, you will hear a tone confirmation signal. You will then be invited to speak by a single tone signal.

Contacts:

Press service

Elena Azovtseva
Tel.: +7 3519 24 90 82
Fax: +7 3519 24 80 24
E-mail: azovtseva@mmk.ru

Investor relations

Evgeny Kovtunov
Tel.: +7 3519 24 93 55
E-mail: kovtunov@mmk.ru



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