2.1 Type of transaction: interested party transaction.
2.2 Type and subject of transaction: supply of steel products.
2.3 Content of transaction: Supplier shall deliver, Vendee shall accept and pay for steel products (Strip) as per Vendee's requests according to items and number specified in the Agreement.
2.4 Term of transaction: The Agreement shall come into force from the date of its signature and remain effective till December 31, 2017.
Parties: Supplier - PAO Severstal; Vendee - AO Izhora Pipe Mill;
The contractual amount - 9,000,000,000 (nine billion) rubles (1.84% 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): 489,797,786 thousand rubles.
2.6 Date of transaction (Agreement): 05.05.2017.
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: Alexey Alexandrovich Mordashov.
Basis on which the person was recognized interested in the performance of transaction: person is a controller of the Issuer and the entity representing a Party of transaction.
Interested person's equity share in the charter capital of the Issuer and the equity representing a Party of transaction: 0%
2.8 Information about transaction approval: transaction has been approved by the Issuer's Board of directors.
Date of the Board meeting of the joint-stock company, at which such a resolution has been approved: March 27, 2017. Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 27.03.2017, Minutes № 6/2017.
OAO Severstal published this content on 05 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 May 2017 11:14:13 UTC.
Original documenthttp://www.severstal.com/eng/ir/disclosure/rus/document20482.phtml
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