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: purchase and sale of steel products.

2.3. Content of transaction: Vendor shall sell, Vendee shall purchase steel products. Range of products, their quantity, cost, technical conditions and other quality requirements, terms and conditions of delivery shall be indicated in Specification (Specifications) attached to the Agreement. Specification (Specifications) shall constitute an integral part of the Agreement.

2.4. Term of transaction: The Agreement shall come into force from the date of its signature by the authorized representatives of the Parties and remain effective till October 31, 2018.

Parties: Vendor - PAO Severstal; Vendee - Severstal Export GmbH;

The contractual amount: preliminary contractual amount 250,000,000 (two hundred fifty million) US dollars (2.93% 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): 508,802,753 thousand rubles.

2.6. Date of transaction (Agreement): 31.07.2017.

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: May 10, 2017. Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 10.05.2017, Minutes № 8/2017.