Annual report 2007 - Magnitogorsk Iron & Steel Works ...

13
Information on Equity Capital
As of January 1, 2008, OJSC MMK authorized capital consisted of 11,174,330,000 ordinary registered shares of the
Company with a par value of RUR 1.00 (one) per share.
In the course of 2007 the size of OJSC MMK’s authorized capital changed twice.
On May 03, 2007 the authorized capital was increased through the placement of 1,042,603,423 additional
ordinary registered non-documentary shares, raising the total number of OJSC MMK’s ordinary registered shares
to 11,672,825,023.
On December 4, 2007, OJSC MMK’s authorized capital was decreased through the cancellation of 498,495,023
ordinary registered non-documentary shares.
The cancellation was the result of OJSC MMK’s reorganization through a merger of the subsidiary company
ZAO MMK-KAPITAL into OJSC MMK. Under the Merger Agreement, 498,495,023 OJSC MMK ordinary registered
shares previously owned by ZAO MMK-KAPITAL were cancelled. After the cancellation, the number of OJSC MMK
placed ordinary registered shares amounted to 11,174,330,000 shares.