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

2.1 Type of the Company which executed major transaction: the Issuer.

2.2 Type of transaction: major transaction which is also an interested party transaction.

2.3 Type and subject of transaction: taking Client's funds on deposits.

2.4 Content of transaction: according to the terms of transaction (several related transactions) under the Agreement on general terms of taking Client's funds on deposits by confirmation exchange, Client shall transfer funds and Bank shall receive Clint's funds in the amount not to exceed 130,000,000,000 (one hundred thirty billion) rubles (or the equivalent in other currency) simultaneously placed on deposit. After consultation between the Parties interest rate based on market conditions as of the date of conclusion of the Agreement shall be set on each transaction. Interest on transactions shall be paid as of the day of the agreement expiration.

2.5 Term of transaction: unlimited period of time.

Parties and beneficiaries: Client - PAO Severstal; Bank - PAO Sberbank;

The contractual amount in monetary and percentage terms of the Issuer's assets:

130,000,000,000 (one hundred thirty billion) (26.54% of the Issuer's assets value under RAS).

2.6 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.

2.7 Date of transaction (Agreement): 22.05.2017.

2.8 Information about transaction approval: transaction shall be approved at the Issuer's Annual General Meeting of Shareholders on June 09, 2017