Severstal' : Corporate Event Notice “Information about the resolutions taken by the Company’s Board of directors”

Quorum for conducting the meeting and approving the Board resolutions on items of the agenda is reached.

Voting results and resolutions taken by the Company's Board of directors:

1. Voting results: The resolution is taken by a majority vote of members of the Company's Board of directors, who are not interested in execution of these transactions and who comply with the requirements set by item 3 of Article 83 of the Federal Law N 208-FZ 'On Joint Stock Companies' dated December 26, 1995 (hereinafter referred to as the the Law on JSC).

The following resolution is taken:

According to Article 83 of the Law on JSC to grant the consent for the execution and approval of interested party transactions. According to part 16 of Article 30 of the Federal Law N 39-FZ 'On the Securities Market' dated April 22, 1996, information about the terms and conditions of the transactions, as well as the persons that are deemed to be the parties and beneficiaries thereunder shall not be disclosed until the transactions are concluded.

2. Voting results: The resolution is taken by a majority vote of members of the Company's Board of directors, who are not interested in execution of these transactions and who comply with the requirements set by item 3 of Article 83 of the Law on JSC.

The following resolution is taken: According to the article 77 of the Law on JSC to determine that the price of disposed or acquired property under abovementioned interested party transactions with estimated cash value is deemed to be a market value.

Date of the Board meeting, at which such a resolution has been approved by the joint-stock company: 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.