Results of the Annual General Meeting

24 May 2021

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, announces that the following resolutions were all passed at the Company's Annual General Meeting ("AGM") held on 21 May 2021:

1. To elect the Board of Directors of PAO Severstal in the following body of 10 people: Alexey Alexandrovich Mordashov, Alexander Anatolievich Shevelev, Alexey Gennadievich Kulichenko, Lvova Anna Anatolievna, Agnes Anna Ritter, Philip John Dayer, David Alun Bowen, Veikko Sakari Tamminen, Vladimir Alexandrovich Mau, Alexander Alexandrovich Auzan.

2. To distribute profits for the year 2020 via paying a dividend of 36.27 Rubles per share. The record date for the dividend payment is 1 June 2021;

3. Not to distribute the remainder of the profits for the year 2020.

4. To pay a dividend of 46.77 Rubles per share for the first quarter 2021. The record date for the dividend payment is 1 June 2021;

5. To approve JSC KPMG (OGRN: 1027700125628, INN: 7702019950.) as the Auditor of PAO Severstal.

For further information, please contact:

Investor Relations

Vladimir Zaluzhsky, Nikita Klimantov

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

Public Relations

Anastasia Mishanina

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

***

PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $6,870 million and EBITDA of $2,422 million in 2020. Severstal's crude steel production in 2020 reached 11.3 million tonnes.