July 16, 2021

The Board Recommends Q2 2021 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 84.45 roubles per share for the three months ended 30 June 2021.

Approval of the dividend is expected to take place at the Company’s EGM on 20 August 2021. The record date for participation in the EGM is 26 July 2021. The recommended record date for the dividend payment is 2 September 2021. The approval of the record date for the dividend payment is also expected to take place at the Company’s EGM on 20 August 2021