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 the iron-ore pellets.

2.3. Content of transaction: Supplier shall deliver, Vendee shall accept and pay for the iron-ore pellets referred to as the Goods. Description of Goods, quantity of Goods and delivery period shall be indicated in Specifications agreed by the Parties.

2.4. Term of transaction: from November 01, 2017 till June 30, 2018 inclusively.

Parties: Vendee - PAO Severstal; Supplier - AO Karelsky okatysh;

The contractual amount: preliminary contractual amount 16,000,000,000 (sixteen billion) Euro (3.31% 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): 482,739,183 thousand rubles.

2.6. Date of transaction (Agreement): 31.10.2017.

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: October 31, 2017. Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 31.10.2017, Minutes № 15/2017.