Results of Scheme Meeting

Company name: Metinvest B.V.

Headline: Scheme of Arrangement: Notice of results of Scheme Meeting and notice of the Sanction Hearing

IRISH STOCK EXCHANGE ANNOUNCEMENT

28 June 2016

Metinvest B.V. (the "Company")

10.25 per cent. Guaranteed Notes due 2016 (of which U.S.$88,477,264.89 was outstanding as at 27 May 2016 after capitalisation of unpaid interest in accordance with the First Moratorium Scheme (as defined below)) (the "2016 Notes")

ISIN: XS0511379066, Common Code: 051137906

ISIN: US591555AA54, CUSIP: 591555AA5

10.50 per cent. Guaranteed Notes due 2017 (of which U.S.$300,531,520.44 was outstanding as at 27 May 2016 after capitalisation of unpaid interest in accordance with the First Moratorium Scheme) (the "2017 Notes")

ISIN: XS1145219652, Common Code: 114521965

ISIN: US591555AC11, Common Code: 114752894

CUSIP: 591555 AC1

8.75 per cent. Guaranteed Notes due 2018 (of which U.S.$786,774,642.39 was outstanding as at 27 May 2016 after capitalisation of unpaid interest in accordance with the First Moratorium Scheme) (the "2018 Notes" and, together with the 2016 Notes and the 2017 Notes, the "Notes")

ISIN: XS0591549232

ISIN: US591555AB38, CUSIP: 591555 AB3

Notice of results of the Scheme Meeting and notice of the Sanction Hearing

For the purposes of this notice, the "First Moratorium Scheme" means the scheme of arrangement in respect of the Company which was sanctioned by the High Court of England and Wales on 29 January 2016 and which expired on 27 May 2016 in accordance with its terms.

Reference is made to the Irish Stock Exchange announcement dated 8 June 2016, issued by the Company notifying Scheme Creditors of the date of the meeting of Scheme Creditors (the "Scheme Meeting") for the purposes of considering and, if thought fit, approving a scheme of arrangement between the Company and the Scheme Creditors (the "Scheme") pursuant to an order of the High Court of England and Wales made on 8 June 2016.

Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in clause 1 of Part D (The Scheme) of the Explanatory Statement published on the scheme website (www.lucid-is.com/metinvest) on 8 June 2016.

The Company hereby notifies the holders of the Notes that the Scheme Meeting was held on 28 June 2016 at 10:00 a.m. at the offices of Allen & Overy LLP, One Bishops Square E1 6AD and at the Scheme Meeting, 190 Scheme Creditors representing 100% by value and 100% by number of those Scheme Creditors present and voting at the Scheme Meeting in person or by an authorised representative or by proxy voted in favour of the Scheme; no Scheme Creditors present and voting at the Scheme Meeting in person or by an authorised representative or by proxy voted against the Scheme. As a result, the requisite approval of the Scheme Creditors to the Scheme was obtained at the Scheme Meeting.

Please note that the effectiveness of the Scheme is subject to the sanction of the Scheme by the Court at the sanction hearing (the "Sanction Hearing") and, if sanctioned, the delivery of the office copy of the sanction order to the Registrar of Companies. The Sanction Hearing is to be held on 30 June 2016.  Once the time of the Sanction Hearing has been confirmed by the Court, it will be announced to Scheme Creditors by way of an Irish Stock Exchange announcement.

For further information please contact:

Lucid Issuer Services Limited as the Information Agent

Sunjeeve Patel / Thomas Choquet

Tankerton Works

12 Argyle Walk

London WC1H 8HA

Phone:              +44 (0) 207 704 0880

Email:               metinvest@lucid-is.com

This Notice is given by:

Metinvest B.V.

Nassaulaan 2A

2514 JS

'S-Gravenhage

The Netherlands

28 June 2016

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.