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Important Notice for EVRAZ plc Shareholders and Certificate Holders / NTMK conversion

If you hold shares of EVRAZ plc (or certificates evidencing such shares), you may now be entitled to convert them into shares of PJSC EVRAZ NTMK (“NTMK”) under Russian law. The July 22, 2025 decision of the Arbitration Court of the Moscow Region – together with recently issued Regulations by NTMK under Federal Law No. 470‑FZ (August 4, 2023) – allow you to assume direct ownership of NTMK shares.

MAGENTA Legal is assisting clients with navigating this conversion process, and we can help you prepare and submit your application correctly, protect your interests, and maximize your rights under the new rules.

What’s Changed and Why It Matters

• On 22 July 2025, a Russian court ruled that EVRAZ plc can longer have corporate rights in respect of its Russian assets, and EVRAZ plc shareholders are allowed of converting EVRAZ plc shares into shares of NTMK (Russia)
• Under the Regulations issued by EVRAZ for assuming direct ownership of shares of PJSC EVRAZ NTMK, any person who held EVRAZ plc shares (whether directly or through a chain of ownership or via certificates) is now eligible to convert them into NTMK shares
• The conversion ratio is 2.68299312073399 NTMK shares for each EVRAZ plc share

Who Can Apply and Deadlines to Submit Applications

1. Citizen or resident of the Russian Federation (compulsory under law) - by November 24, 2025 (three months from August 20, 2025)
2. Non‑citizen or non‑resident of Russia (entitled, not obligated) - by November 24, 2025 (four months from July 22, 2025) but drafts of application are recommended to be submitted for approval by September 24, 2025 (with mid-October as a deadline)

Foreign investors might also use the option of notarial deed transfer of the shares to Russian citizens. This could be applicable in cases where investors from the so called “unfriendly” jurisdictions do not wish their shares to be blocked on the special type “C” account.

Three Categories of EVRAZ plc Ownership

1. Certificate Holders – those who physically hold EVRAZ plc share certificates (paper form)

2. Owners whose rights are recorded in the Russian infrastructure – shares held via a Russian NRD securities depository

3. Owners whose rights are recorded in foreign infrastructure – shares held via foreign depositories or brokerage accounts

Documents and Procedural Steps

The procedure depends on the ownership category. Generally, applicants must:

• Draft and sign the application form
• Provide consent to personal data processing (for individuals)
• Submit evidence of shareholding as of July 22, 2025, and in some cases also since August 5, 2022 (or March 01, 2022)
• Provide identity documents, power of attorney (if applicable), and details of Russian depository account (or open one if required)
• Foreign documents must be notarized, translated, and in some cases apostilled or legalized
• Applications and hard copies must be submitted to IRC‑R.O.S.T., Moscow (Stromynka str., 18, building 5B)

Why Use MAGENTA Legal

This process involves legal interpretation of Russian court rulings and federal law, gathering and authenticating documents from different jurisdictions, and ensuring all procedural deadlines are met.

MAGENTA Legal might help you to:

• Review your ownership status and advise on the correct procedure
• Assist in gathering and legalizing required documents
• Draft and file the application on your behalf
• Monitor the process and ensure timely share transfer into your account

What you can do:

1. Contact Magenta Legal for a free initial review of your situation info@magenta.legal

2. We will identify the documents required in your case

3. We will prepare and file the application on your behalf

4. We will ensure compliance with all deadlines (September / November 24, 2025)

This publication is for information purposes only, does not constitute comprehensive legal advice and creates no obligations for MAGENTA Legal unless a written engagement agreement is signed and the relevant fees are paid. MAGENTA Legal accepts no liability - direct or indirect - for any potential losses, including (but not limited to) a registrar’s refusal to convert or a failure to receive dividends, except in cases of proven intentional misconduct. No outcome is guaranteed: the conversion procedure can be amended or suspended by issuers or institutions at any time. In such circumstances we will exercise reasonable efforts within the agreed mandate and budget but assume no obligation to initiate appeals or litigation.