Results of Extraordinary General Meeting

PAO Severstal ('Severstal', the 'Company') (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, announces that a resolution on payment of a dividend for the first six months ended 30 June 2016 was passed at the Company's Extraordinary General Meeting ('EGM') held on 2 September 2016.

Severstal's shareholders approved the payment of a dividend of 19.66 rubles per share for the first six months ended 30 June 2016. The record date for this dividend payment is 16 September 2016.

For further information, please contact:

Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 (495) 926-77-66

vladimir.zaluzhsky@severstal.com

Severstal Public Relations

Anastasia Mishanina

T: +7 (495) 926-77-66

anastasia.mishanina@severstal.com

Severstal's financial communications agent - Hudson Sandler

Andrew Hayes / Elena Garside / Alex Brennan

T: +44 (0) 20 7796 4133

OAO Severstal published this content on 05 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 September 2016 15:25:02 UTC.

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