Results of Extraordinary General Meeting

PAO Severstal ("Severstal", the "Company") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, announces that a resolution on payment of a dividend for the three months ended 30 September 2019 was passed at the Company's Extraordinary General Meeting ("EGM") held on 22 November 2019.

Severstal's shareholders approved the payment of a dividend of 27.47 rubles per share for the three months ended 30 September 2019. The record date for this dividend payment is 3 December 2019.

For further information, please contact:

Severstal Investor Relations

Evgeny Belov

T: +7 (495) 926-77-66

evgenii.belov@severstal.com

Severstal Public Relations

Anastasia Mishanina

T: +7 (495) 926-77-66

anastasia.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 $8,580 million and EBITDA of $3,142 million in 2018. Severstal's crude steel production in 2018 reached 12.0 million tonnes. www.severstal.com