Dividend recommendation for three months ended 30 June 2019

The Board Recommends Dividend Payment

The Board of Directors of Severstal ("Severstal", "the Company") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 26.72 roubles per share for the three months ended 30 June 2019.

Approval of the dividend is expected to take place at the Company's EGM which will take place on 6 September 2019. The record date for participation in the EGM is 12 August 2019. The recommended record date for the dividend payment is 17 September 2019. The approval of the record date for the dividend payment is also expected at the Company's EGM which will take place on 6 September 2019.

For further information please contact:

Investor Relations

Evgeny Belov

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

[email protected]

Public Relations

Anastasia Mishanina

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

anastasia.mishanina@severstal.com

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PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $8,580 million and EBITDA of $3,142 million in 2018. Severstal's crude steel production in 2018 reached 12.0 million tonnes. www.severstal.com