Results of the Annual General Meeting

Results of the Annual General Meeting

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, announces that the following resolutions were all passed at the Company's Annual General Meeting ("AGM") held on 9 June 2017 in Cherepovets, Russia:

1. To elect the the Board of Directors of PAO Severstal in the following body: Alexey Alexandrovich Mordashov, Alexey Gennadievich Kulichenko, Vladimir Andreevich Lukin, Andrey Alexeevich Mityukov, Alexander Anatolievich Shevelev, Philip John Dayer, David Alun Bowen, Veikko Sakari Tamminen, Vladimir Alexandrovich Mau, Alexander Alexandrovich Auzan.

2. To approve the Annual Report and the Annual Accounting (Financial) Statements of PAO Severstal for 2016.

3. a) To distribute profits for the 2016 year via paying a dividend of 27.73 rubles per share;

b) not to distribute the remainder of the profits for the 2016 year.

4. To pay a dividend of 24.44 rubles per share for the first quarter 2017.

5. To elect the Internal Audit Commission of PAO Severstal in the following body: Nikholay Viktorovich Lavrov, Roman Ivanovich Antonov, Svetlana Viktorovna Guseva.

6. To approve JSC KPMG (INN: 7702019950. The Principal Registration Number of the Entry in the State Register of Auditors and Audit Organizations: 11603053203) as the Auditor of PAO Severstal.

7. To approve the interested party transaction between PAO Severstal and Sberbank. (Note:

Mr. Vladimir Mau is a Member of Severstal's Board and Sberbank's Supervisory Board).

As previously announced, the record date for both dividend payments confirmed in resolutions 3 and 4 above will be 20 June 2017.

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, Ukraine, Latvia, Italy and Poland. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $5,916 million and EBITDA of $1,911 million in 2016. Severstal's crude steel production in 2016 reached 11.6 million tonnes www.severstal.com