1. Finished steel products at MMK Metalurji in Q3 2011 amounted to 162 thousand tonnes, representing a two-fold QoQ increase. The increase is due to the launch of the full production cycle.

2. MMK Metalurji sales in 9M 2011 amounted to USD 294 million and in Q3 2011 sales were USD 169 million.

3. EBITDA in Q3 2011 was USD 28 million representing an EBITDA margin of 16.6%. The strong EBITDA performance in Q3 2011 compensated for the negative EBITDA for 6M 2011, bringing MMK Metalurji’s 9M 2011 EBITDA into positive territory.

4. MMK Metalurji is expected to produce around 600 thousand tonnes of steel products in 2011. Full production capacity (2.3 mtpa of finished steel products) should be reached in early 2012.