OREANDA-NEWS. May 29, 2007. The Open Joint Stock Company Magnitogorsk Iron and Steel Works ("OJSC MMK") hereby announces reorganization of Closed Joint Stock Company RFZ ("CJSC RFZ") with the registered address at: Ul.Zaveniaghina 9, Magnitogorsk, 455049, Chelyabinsk Region, Russian Federation, in the form of a merger of "CJSC RFZ"  into "OJSC MMK".

The authorized capital of OJSC MMK, and the quantity and par value of its shares have not been affected by the above reorganization.