Member of the Board Share Dealing Notification

Member of the Board Share Dealing Notification

Moscow, Russia - February 22, 2017. PAO Severstal ("Severstal"; "the Company"), one of the world's leading steel and steel-related mining companies, announces that Barbara Bowen, wife of Alun Bowen, Independent Director of the Board of Directors of Severstal, has purchased 3,204 Global Depositary Receipts of the Company at an average price of 15.51 USD per GDR. The transaction was closed on 21 February 2017.

For further information please contact: 

Investor Relations:

Evgeny BelovT: +7 (495) 926-77-66evgenii.belov@severstal.com

Public Relations: 

Anastasia MishaninaT: +7 (495) 926-77-66anastasia.mishanina@severstal.com

Hudson Sandler

Andrew Hayes/ Emily Dillon/ Fern DuncanT: +44 (0)20 7796 4133ahayes@hudsonsandler.com / edillon@hudsonsandler.com / fducan@hudsonsandler.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, Ukraine, Latvia, Poland and Italy. 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