February 4, 2019

The Board of Directors of Severstal (“Severstal”, “the Company”) (LSE: SVST; MICEX-RTS: CHMF), one of the world’s leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 32.08 roubles per share for the three months ended 31 December 2018.

Approval of the dividend is expected at the Company’s AGM which will take place on 7 June 2019 at Zhukova 4, Cherepovets, Vologda Region, Russia. Registration for the AGM will start at 11.00 am (MT) with the meeting itself starting at 12.00 pm (MT). The agenda for the AGM will be approved by the Board and announced at a later date.

The record date for participation in the AGM is 13 May 2019.

If the dividend payment for the three months ended 31 December 2018 is approved at the AGM, the record date for this dividend payment will be 18 June 2019.