OREANDA-NEWS. July 18, 2007. "Information on Facts Entailing a Single Increase (Decrease) of the Issuer’s Net Profit or Net Losses 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 of the Issuer’s net profit or net losses of more than 10%:
increased earnings from sale of products. (Earnings from sale of products grew 16% against a 11% increase in production costs).
Additional valuation of shares.

2.2. Date when the facts (fact) arose which entailed a single increase of the Issuer’s net profit or net losses of more than 10%: 18.07.2007

2.3. Value of the Issuer's net profit/net losses for the accounting period (quarter, year) preceding the accounting period in which the relevant fact arose: the net profit's value for the 1st Quarter of 2007 amounted to RUB 10,311.727 million.

2.4. Value of the Issuer's net profit/net losses for the accounting period in which the relevant fact arose: the net profit's value for the 1st Quarter of 2007 amounted to RUB 15,789.114 million.

2.5. Change of the value of the Issuer's net profit/net losses in absolute and relative terms (%): increase of the net profit's value by RUB 5,477.234 million, or 53,12 %.

For calculation purposes the value of the net profit (net losses) for "the accounting period" (quarter, year) for the first accounting period is taken as equal to the amount entered in the line "Net Income (retained profit/loss) of the accounting period" of Income Statement (Form 2 of the accounting statements), and for the subsequent accounting periods, respectively, as equal to the difference of amounts entered in the lines "Net Income (retained profit/loss) of the accounting period" of the Income Statement (Form 2 of the accounting statements) for the accounting period and the period preceding the accounting period.

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                       stamp

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

3.3. Date: July 18, 2007