Agenda for the Annual General Meeting ("AGM")

Agenda for the Annual General Meeting ("AGM")

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, announces that its Board of Directors has approved the following agenda for the AGM to be held in Cherepovets, Russia on 25 May 2015:

- Election of the members of the Board of Directors of Severstal

- Approval of the annual report, annual accounting statements, including income statement report for 2014

- Distribution of profits for the year ended 31 December 2014 and dividend payments for FY 2014

- Dividend payments for Q1 2015

- Election of the members of the Internal Audit Commission

- Approval of the auditor for Severstal

- Approval of changes to the Board of Directors' remuneration

As announced on 17 February 2015, Severstal's AGM will be held from 12.00pm (MT) on 25 May 2015 (with registration from 11.00am) at 41 Metallurgists Palace, Stalevarov Street, Cherepovets, Vologda Region, Russia. The record date for participation in the AGM is 13 April 2015.

On 17 February 2015 the Board recommended a dividend of 14.65 rubles per share for the twelve months to 31 December 2014.

If the dividend payment for the 12 months ended 31 December 2014 is approved at the AGM, the record date for this dividend payment will be 5 June 2015.

For further information, please contact:

Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 (495) 926-77-66

[email protected]

Severstal Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66

[email protected] 

Severstal's financial communications agent - Hudson Sandler

Andrew Hayes / Maria Ignatova / Alex Brennan

T: +44 (0) 20 7796 4133

PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on the Moscow Stock Exchange with GDRs being traded on the London Stock Exchange. Severstal reported revenue of $8,926 million and EBITDA of $2,203 million in 2014. Severstal's crude steel production in 2014 reached 11.3 million tonnes. www.severstal.com