Management Share Dealing Notification

Management Share Dealing Notification

Moscow, Russia - 23 April 2018 - PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading steel and steel-related mining companies, announces that Alexandr Shevelev, Chief Executive Officer and member of the Board of Directors of Severstal, has purchased 1 050 shares of the Company for a total price of 973,343 Russian Roubles. The transaction was closed on 18 April, 2018. Following this transaction, Mr.Shevelev's total shareholding in the Company is 0.00013%.

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

[email protected]

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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 $7,848 million and EBITDA of $2,577 million in 2017. Severstal's crude steel production in 2017 reached 11.7 million tonnes. www.severstal.com