MMK’s shareholders meeting decided not to pay dividends for 2013

The annual general shareholders meeting have agreed the annual report of MMK and its accounting for 2013, and decided not to pay dividends for 2013. The shareholders meeting elected the Board of Directors of MMK.

The new Board includes the President of MMK Managing Company Ltd (MMK UC) V. Rashnikov, the CEO of MMK JSC P. Shilyayev, the Vice CCO of MMK JSC V. Bakhmetyev, the CFO of MMK JSC O. Rashnikova, and the Vice CEO for Sales of MMK JSC N. Lyadov. They have also joined the Board 4 directors who meet the independence criteria presupposed by the Code of the Corporative Governance of Great Britain: the Vice CEO of Polymetal UC JSC Z. Rustamova, the Vice President of the Russian representative office BP Plc P. Charow, the President of Otkrytiye Financial Corporation R. Aganbegyan, the Deputy Chairman of the Management Board of Rosselkhozbank K. Lyovin, and the CEO of Hay Group Eastern Europe V. Martsinovich.