2.1. Type of transaction: interested party transaction.

2.2. Type and subject of transaction: Addendum to the Guarantee Agreement.

2.3. Content of transaction: PAO Severstal ensures the performance of obligations by JSC 'Karelsky okatysh' under the Credit Agreement.

2.4. Term of transaction: the Final maturity date' means 30 April 2022; however, in case the Final maturity date falls on an official holiday, the Final maturity date shall be a business day immediately following 30 April 2022.

Parties: Guarantor - PAO Severstal; Creditor - AO KB Citibank;

The contractual amount: 225,000,000 (two hundred twenty five million) US dollars (3.48% 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): 418,362,064 thousand roubles.

2.6. Date of transaction (Agreement): 30.04.2019.

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: 1. Alexey Alexandrovich Mordashov, the member of the Board of Directors of PAO Severstal. Basis on which the person was recognized interested in the performance of transaction: person is deemed to be a controlling person of the Issuer and the entity being a beneficiary under the transaction. Interested person's equity share in the charter capital of the Issuer and the entity representing a Party of transaction: 0%. 2. Alexander Anatolievich Shevelev, the member of the Board of Directors of PAO Severstal. Basis on which the person was recognized interested in the performance of transaction: person holds the positions in management body of the managing company of the entity being a beneficiary under the transaction. Interested person's equity share in the charter capital of the Issuer and the entity 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): informational notice has been sent to the members of the Board of Directors; transaction shall be approved by the Board of directors in case the request is sent to the Board of directors.

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OAO Severstal published this content on 06 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 May 2019 10:42:01 UTC