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 8 June 2018 in Cherepovets, Russia:

1. To elect 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 2017.

3. To distribute profits for the 2017 year via paying a dividend of 27.72 rubles per share. The record date for the dividend payment is 19 June 2018;

Not to distribute the remainder of the profits for the 2017 year.

4. To pay a dividend of 38.32 rubles per share for the first quarter 2018. The record date for the dividend payment is 19 June 2018;

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.

For further information please contact:

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

Public RelationsAnastasia MishaninaT: +7 (495) 926-77-66anastasia.mishanina@severstal.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, 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