The Board Recommends Q3 2020 Dividend Payment

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 37.34 roubles per share for the three months ended 30 September 2020.

Approval of the dividend is expected to take place at the Company's EGM on 27 November 2020. The record date for participation in the EGM is 2 November 2020. The recommended record date for the dividend payment is 8 December 2020. The approval of the record date for the dividend payment is also expected to take place at the Company's EGM on 27 November 2020.

For further information, please contact:

Investor Relations

Evgeny Belov

T: +7 (495) 926-77-66

evgenii.belov@severstal.com

Public Relations

Anastasia Mishanina

T: +7 (495) 926-77-66

anastasia.mishanina@severstal.com

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PА Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $8,157 million and EBITDA of $2,805 million in 2019. Severstal's crude steel production in 2019 reached 11.8 million tonnes. www.severstal.com