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September 08, 2008


Shares of MMK to be included into the MICEX index calculation base

It is reported that since October 15th 2007 the ordinary shares of OJSC MMK are included into the MICEX index calculation base.

At the same time the number of securities included into the MICEX index remains unchanged and constitutes 30 shares. The indices are price, capitalization-weighted indices of the shares of Russian issuers. The indices are calculated real time. The MICEX index calculation base is reviewed twice a year, the industry index and capitalization index calculation bases are reviewed once a quarter. The new index calculation base will be valid till the April 16th 2008.

The MICEX index that has been calculated for 10 years comprises the shares of the most important Russian companies and constitutes the main indicator of the Russian stock market. The fact that the shares of Magnitogorsk Iron and Steel Works will be included into the MICEX index indicates that these shares are one of the most liquid and representative instruments of the Russian securities market.