June 5, 2020

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s largest
vertically integrated steel and mining companies, announces the appointment of
Olga Kalashnikova as its new Head of Environment to lead the Company’s strategy
to reduce its carbon footprint and meet the climate challenge. The creation of
this new role underlines Severstal’s commitment to achieving a leading
sustainability performance among global steel producers.

Olga Kalashnikova, who was previously responsible for Upstream environmental
performance at Shell Russia, is now primarily focused on the development of a
clear strategy and roadmap to decrease Severstal’s carbon emissions. She is
also working closely with departments across the business to ensure the
Company’s environmental initiatives are aligned to Severstal’s stated ESG
targets with a particular focus on the reduction of air emissions and
wastewater.

Ms Kalashnikova has more than 20 years’ experience working with blue chip
international companies to improve their environmental performance. During more
than 10 years at Royal Dutch Shell she was responsible for ensuring best
environmental practices were maintained at the group’s joint ventures in
Russia, as well as for developing and running strategies to address local
environmental issues, including those related to biodiversity, environmentally
sensitive areas, managing greenhouse gas emissions and energy efficiency.

With Ms Kalashnikova’s appointment, Severstal has further strengthened its
ESG governance structure. Sustainable development is core to the business
strategy of Severstal and the three important areas of environment, social and
governance are overseen at Board level, with the environmental department
reporting directly into the CEO.

Alexander Shevelev, CEO of Severstal, said:

“Severstal’s ambition is to help lead the steel industry to a more
sustainable future. As we intensify our efforts to reduce Severstal’s own
environmental impact, it is vital we have an experienced senior team driving
sustainability improvements across the entire business. I am delighted that
Olga will be guiding Severstal through its programme to reduce its GHG
emissions, drawing on her extensive experience from other sectors. We are
wholly committed to reducing our own environmental impact and recognise it is
critical for the steel industry as a whole to reduce emissions and contribute
towards the global efforts to achieve the goal of the Paris Agreement.