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 six months ended 30 June 2016 was passed at the Company's Extraordinary General Meeting ("EGM") held on 2 September 2016.

Severstal's shareholders approved the payment of a dividend of 19.66 rubles per share for the first six months ended 30 June 2016. The record date for this dividend payment is 16 September 2016.

For further information, please contact:

Severstal Investor Relations

Vladimir Zaluzhsky

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

[email protected]

Severstal Public Relations

Anastasia Mishanina

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

[email protected] 

Severstal's financial communications agent - Hudson Sandler

Andrew Hayes / Elena Garside / Alex Brennan

T: +44 (0) 20 7796 4133