Magnesita Refratarios SA Begins Trading on OTCQX®

NEW YORK, Feb. 28, 2014

Magnesita begins trading today on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors.  U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are pleased to welcome Magnesita, our 10^th Brazilian company, to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group.  "Magnesita joins the many global companies that have chosen OTCQX to provide their U.S. investors transparent trading and convenient access to their news and financials.  We look forward to working with Magnesita as they continue to expand the company's visibility in the U.S. market."

Deutsche Bank serves as Magnesita's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.

Magnesita Refratarios SA is a global leader in the manufacture and sale of refractory solutions and industrial minerals, dedicated to mining, producing and trading an extensive line of refractory materials.  Its products are used mainly by the steel, cement and glass industries.  At present, it operates 28 industrial plants and mines in Brazil, Germany, China, United States, France, Belgium, Taiwan and Argentina, with a capacity to produce over 1.4 million tons per year of refractories.

Magnesita will trade in the U.S. on OTCQX under the symbol "MFRSY," where each ADR represents two ordinary shares.

About OTC Markets Group Inc.
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