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:

Parties: Buyer - AO Karelsky okatysh; Seller - AO Severstal; content of transaction: Seller shall transfer the Buyer and the Buyer shall accept and pay for 6 079 281 210 ordinary registered uncertified shares of AO Yakovlevsky GOK in the manner and time limits specified in the Agreement; term of transaction: the Agreement shall remain effective till the performance of the Parties' obligations as per the Agreement;

the contractual amount: 7,890,907,010.58 (seven billion eight hundred ninety million nine hundred seven thousand ten) roubles 58 kopecks; date of transaction (Agreement): 04.12.2018.

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: December 21, 2018.

Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 21.12.2018, Minutes № 19/2018.