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 first nine months ended 30 September 2018 was passed at the Company's Extraordinary General Meeting ("EGM") held on 23 November 2018.

Severstal's shareholders approved the payment of a dividend of 44.39 rubles per share for the first nine months ended 30 September 2018. The record date for this dividend payment is 4 December 2018.

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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.