MMK Group Trading Update for Q4 and FY 2017

Q4 2017 highlights vs. Q3 2017

• MMK Group’s total finished steel product sales in Q4 2017 (excluding intra-group sales) totalled 2,827
• thousand tonnes (down 12.5% q-o-q).
• MMK Group’s HVA steel product sales in Q4 2017 was 1,264 thousand tonnes (down 13.8% q-o-q). The share
• of HVA products in total output amounted to 44.7%.
• Production of coal concentrate by MMK Coal in Q4 2017 totalled 760 thousand tonnes (up 15.6% q-o-q).

FY 2017 highlights vs. FY 2016

• MMK Group’s total finished steel product sales in FY 2017 (excluding intra-group sales) amounted to 11,617
• thousand tonnes (up 1.4% y-o-y).
• MMK Group’s HVA steel product output in FY 2017 was 5,270 thousand tonnes (up 2.3% y-o-y). The share of
• HVA products in total output increased to 45.4%.
• Production of coal concentrate by MMK Coal in FY 2017 totalled 2,725 thousand tonnes (down 5.1% y-o-y).