October 17, 2017

The Board Recommends Dividend Payment for the three months ended 30 September 2017

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 35.61 roubles per share for the three months ended 30 September 2017.

Approval of the dividend is expected at the Company's EGM which will be held by absentee voting on 24 November 2017. All Severstal shareholders on the register as at 30 October 2017 are eligible to participate.

In the case that the dividend payments for the first nine months ended 30 September 2017 are approved at the EGM, the record date for this dividend payment will be 5 December 2017.