The Board Recommends Dividend Payment and the Agenda for the Annual General Meeting ('AGM')

The Board of Directors of Severstal ('Severstal', 'the Company') (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 24.44 roubles per share for the three months ended 31 March 2017.

Approval of the dividend is expected at the Company's AGM which will take place on 9 June 2017 at Steel Matallurgists Palace, Stalevarov street 41, Cherepovets, Vologda Region, Russia. Registration for the AGM will start at 11.00 am (MT) with the meeting itself starting at 12.00 pm (MT). The Board of Directors approved the following agenda for the AGM:

1. Election of members of the Board of Directors of PAO Severstal

2. Approval of the Annual Report and the Annual Accounting (Financial) Statements of PAO Severstal for 2016

3. Allocation of profit of PAO Severstal for 2016 results. Payment (announcement) of dividends for 2016 results

4. Payment (announcement) of dividends for the first quarter 2017 results

5. Election of members of the Internal Audit Commission of PAO Severstal

6. Approval of the Auditor of PAO Severstal

7. Approval of the interested party transaction (several interrelated interested party transactions)

The record date for participation in the AGM is 15 May 2017.

If the dividend payment for the first three months ended 31 March 2017 is approved at the AGM, the record date for this dividend payment will be 20 June 2017.

For further information please contact:

Investor Relations

Evgeny Belov

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

evgenii.belov@severstal.com

Public Relations

Anastasia Mishanina

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

anastasia.mishanina@severstal.com

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PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Ukraine, Latvia, Italy and Poland. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $5,916 million and EBITDA of $1,911 million in 2016. Severstal's crude steel production in 2016 reached 11.6 million tonnes www.severstal.com

OAO Severstal published this content on 19 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 April 2017 16:30:24 UTC.

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