PAO Severstal : The Board Recommends Q1 2021 Dividend Payment and nominates Anna Lvova, Head of HR at Severgroup, to Board of Directors

April 16, 2021

The Board of Directors of Severstal ('Severstal', 'the Company') (LSE: SVST; MOEX: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 46.77 roubles per share for the three months ended 31 March 2021.

Approval of the dividend is expected to take place at the Company's AGM on 21 May 2021. The record date for participation in the AGM is 26 April 2021. The recommended record date for the dividend payment is 1 June 2021. The approval of the record date for the dividend payment is also expected to take place at the Company's AGM on 21 May 2021.

The Board of Directors has also nominated Anna Lvova, Head of HR at Severgroup to PAO Severstal's Board of Directors. Anna will replace Andrey Mityukov, who will now fully focus on his activities as CEO of TalentTech (a part of Severgroup).

The list of Board candidates will be submitted for shareholders' approval at the forthcoming Company's AGM on 21 May 2021.

Anna Lvova joined Severstal in 2010. For seven years, she hold positions of Senior Manager and head of the Department for recruitment and development. In 2017, she was appointed as the HR Director at Power Machines. As the HR Director of Severgroup, Anna Lvova coordinates the development of the HR services of the Group's companies, focuses on finding and sharing best HR practices, as well as working with top management and reserve top positions.

Following the approval at the AGM, Severstal's Board of Directors will as before comprise 10 members with half of them being independent directors and two Board members being women.