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 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.

Approve the interested party transaction which was executed:

1). Parties: Supplier - PAO Severstal; Vendee - AO Izhora Pipe Mill; content of transaction: Supplier shall deliver, Vendee shall accept and pay for steel products (strip) as per Vendee's requests within the quantity specified in the Agreement; term of transaction: the Agreement shall come into force from the date of its signature and remain effective till December 31, 2019; the contractual amount: 9,000,000,000 (nine billion) roubles; date of transaction (Agreement): 10.10.2018.

2). Parties: Supplier - AO Vorkutaugol; Vendee - PAO Severstal; content of transaction: Supplier shall deliver, Vendee shall accept and pay for coal concentrate indicated in Specifications; term of transaction: the Agreement shall come into force from the date of its signature and remain effective till March 31, 2019 inclusively; the contractual amount: preliminary contractual amount 15,000,000,000 (fifteen billion) roubles; date of transaction (Agreement): 12.10.2018.

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: October 31, 2018.

Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 31.10.2018, Minutes № 16/2018.