November 7, 2019

Severstal to present progress against its updated strategy at its 2019 Capital Markets Day

PAO Severstal, one of the world's leading vertically-integrated steel and mining companies, is hosting its annual Capital Markets Day in London today.

Sakari Tamminen (Senior Independent Director), Alexander Shevelev (Chief Executive Officer), Alexey Kulichenko (Chief Financial Officer), Maria Shalina (Marketing Director), Evgeny Chernyakov (Sales and Business Development Director), and Maxim Semenovykh (Head of Corporate Strategy) will present key results of Severstal's new strategy announced in 2018, and will provide an outlook on the Company's performance and prospects for further value creation and shareholder returns.

Alexander Shevelev, Chief Executive Officer, said:

“Our annual Capital Markets Day is a key platform for communicating with existing and prospective investors. In today’s presentation we will update on our strategic achievements in the past year, detail the progress we have made towards our stated goals and set out how we continue to create value for all shareholders. With safety as our key priority, we will be putting an additional focus on our ESG performance. We have a clear vision to be “the leader of the steel industry of the future” and with our winning strategy we have shaped a growth story with very clear drivers, and committed to delivering $2.1 bn of additional EBITDA in 2018-2023 (excluding market factors). At the same time, we will maintain our strict approach to capital allocation. And we expect that our temporary CAPEX increase will not affect our dividend story but will create a solid platform for further growth and creating value for our shareholders.”

A live webcast of the presentations will begin at 11:00 am GMT and will be accessible via the Company’s website at: https://www.severstal.com/eng/ir/cmd/registration