Severstal' : Corporate Event Notice “Information about the execution of interested party transaction”

2.1 Type of transaction: interested party transaction.

2.2 Type and subject of transaction: supply of steel products.

2.3 Content of transaction: Supplier shall deliver, Vendee shall accept and pay for steel products (Strip) as per Vendee's requests according to items and number specified in the Agreement.

2.4 Term of transaction: The Agreement shall come into force from the date of its signature and remain effective till December 31, 2017.

Parties: Supplier - PAO Severstal; Vendee - AO Izhora Pipe Mill;

The contractual amount - 9,000,000,000 (nine billion) rubles (1.84% of the Issuer's assets value under RAS).

2.5 Issuer's asset value as of the end date of reporting period preceding the date of transaction (conclusion of the Agreement): 489,797,786 thousand rubles.

2.6 Date of transaction (Agreement): 05.05.2017.

2.7 Full name of physical person recognized in accordance with the Russian Federation regulations as a person interested in the performance of transaction by the Issuer: Alexey Alexandrovich Mordashov.

Basis on which the person was recognized interested in the performance of transaction: person is a controller of the Issuer and the entity representing a Party of transaction.

Interested person's equity share in the charter capital of the Issuer and the equity representing a Party of transaction: 0%

2.8 Information about transaction approval: transaction has been approved by the Issuer's Board of directors.

Date of the Board meeting of the joint-stock company, at which such a resolution has been approved: March 27, 2017. Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 27.03.2017, Minutes № 6/2017.