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 the Board members unanimously.

The following resolution is taken:

According to the Regulations for the Board of Directors and Corporate Governance Code of PAO Severstal, determine the following:

Members of the Board of Directors of PAO Severstal, such as: Veikko Sakari Tamminen, Philip John Dayer, David Alun Bowen, Vladimir Alexandrovich Mau, Alexander Alexandrovich Auzan are deemed to be Independent Directors;

2) Member of the Board of Directors of PAO Severstal, such as: Alexey Alexandrovich Mordashov is deemed to be a Non-Executive Director.

2. Voting results: The resolution is taken by the Board members unanimously.

The following resolution is taken:

Elect Alexey Alexandrovich Mordashov as Chairman of the Board of Directors of PAO Severstal.

3. Voting results: The resolution is taken by the Board members unanimously.

The following resolution is taken:

Determine Veikko Sakari Tamminen as Senior Independent Director of the Board of Directors of PAO Severstal.

4. Voting results: The resolution is taken by the Board members unanimously.

The following resolution is taken:

Form the Audit Committee of the Board of Directors of PAO Severstal in the following body: David Alun Bowen, Veikko Sakari Tamminen, Vladimir Alexandrovich Mau.

Elect David Alun Bowen as Chairman of the Audit Committee of the Board of Directors of PAO Severstal.

5. Voting results: The resolution is taken by the Board members unanimously.

The following resolution is taken:

Form the Nomination and Remuneration Committee of the Board of Directors of PAO Severstal in the following body: Veikko Sakari Tamminen, Philip John Dayer, David Alun Bowen.

Elect Veikko Sakari Tamminen as Chairman of the Nomination and Remuneration Committee of the Board of Directors of PAO Severstal.

6. Voting results: The resolution is taken by the Board members unanimously.

The following resolution is taken:

Form the Health, Safety and Environmental Committee of the Board of Directors of PAO Severstal in the following body: Philip John Dayer, Alexey Alexandrovich Mordashov, Alexander Anatolievich Shevelev, Agnes Anna Ritter, Alexander Alexandrovich Auzan.

Elect Philip John Dayer as Chairman of the Health, Safety and Environmental Committee of the Board of Directors of PAO Severstal.

7. Voting results: The resolution is taken by the Board members unanimously.

The following resolution is taken:

Determine the amount of remuneration for the services of the Auditor of PAO Severstal - JSC KPMG (INN 7702019950. Principal registration number of record in the Register of Auditors and Audit Organizations: 11603053203) for auditing financial statements of PAO Severstal under RAS for 2019 in the amount of up to 2,007,500 roubles exclusive of VAT; for auditing financial statements of PAO Severstal under IFRS for 2019 in the amount of up to 34,000,000 roubles exclusive of VAT; for reviewing financial statements of PAO Severstal under IFRS for 2019 in the amount of up to 24,000,000 roubles exclusive of VAT.

Date of the Board meeting, at which such a resolution has been approved by the joint-stock company: April 26, 2019.

Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 26.04.2019, Minutes № 5/2019.