April 18, 2019

The Board Recommends Dividend Payment

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 35.43 roubles per share for the three months ended 31 March 2019.

Approval of the dividend is expected at the Company’s EGM which will take place on 7 June 2019.

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

In the case that the dividend payments for the first three months ended 31 March 2019 are approved at the EGM, the record date for this dividend payment will be 18 June 2019.