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

2.1. Type of transaction: interested party transaction.

2.2. Type and subject of transaction: supply of the iron-ore pellets.

2.3. Content of transaction: Supplier shall deliver, Vendee shall accept and pay for the iron-ore pellets indicated in Specifications.

2.4. Term of transaction: August 31, 2019 inclusively.

Parties: Vendee - PAO Severstal; Supplier - AO Karelsky okatysh;

The contractual amount: preliminary contractual amount 16,000,000,000 (sixteen billion) roubles (3.67% of the Issuer's assets value under RAS).

2.5. Issuer's asset value as of the end date of reporting period preceding the date of transaction (conclusion of the Agreement): 436,558,978 thousand roubles.

2.6. Date of transaction (Agreement): 30.11.2018.

2.7. Full name of physical person recognized in accordance with the Russian Federation regulations as a person interested in the performance of transaction by the Issuer: Alexey Alexandrovich Mordashov. Basis on which the person was recognized interested in the performance of transaction: person is a controller of the Issuer and the entity representing a Party of transaction. Interested person's equity share in the charter capital of the Issuer and the equity representing a Party of transaction: 0%

2.8. Information about granting consent to conclude or approve related party transaction (name of management body approved resolution on granting consent to conclude or approve related party transaction, date of the resolution, date and number of the Minutes of the meeting of the Issuer's management body at which such a resolution has been approved in case the resolution approved by the collegial management body): transaction has been approved by the Issuer's Board of directors.

Date of the Board meeting of the joint-stock company, at which such a resolution has been approved: November 27, 2018. Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 27.11.2018, Minutes № 17/2018.