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Strain-heat methods of obtaining ultrafine-grained (UFG) metallic materials with grain sizes as small as 20 nm and peculiarities of their structure are considered. It is shown that intercrystalline boundaries are the main element of the structure of UFG materials and that they are typically in a non-equilibrium state. The formation of a special grain boundary phase, i.e. a thin near-boundary layer with high dynamic activity of atoms, has been found. This unusual structure leads to the manifestation of promising new elastic, strength, superplastic, damping and magnetic properties of UFG materials.