Results of Extraordinary General Meeting

Results of Extraordinary General Meeting

PAO Severstal ("Severstal", the "Company") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, announces that a resolution on payment of a dividend for the first nine months ended 30 September 2016 was passed at the Company's Extraordinary General Meeting ("EGM") held on 2 December 2016.

Severstal's shareholders approved the payment of a dividend of 24.96 rubles per share for the first nine months ended 30 September 2016. The record date for this dividend payment is 13 December 2016.

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]

Hudson Sandler

Andrew Hayes/ Emily Dillon/ Fern Duncan

T: +44 (0)20 7796 4133

[email protected] / [email protected] / [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, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $6,396 million and EBITDA of $2,096 million in 2015. Severstal's crude steel production in 2015 reached 11.5 million tonnes. www.severstal.com