Severstal' : Corporate Event Notice “Information about the execution of interested party transaction”

2.1. Type of transaction: interested party transaction.

2.2. Type and subject of transaction: Surety Agreement.

2.3. Content of transaction: The Surety undertakes towards the Bank to be jointly and severally liable with Severstal Group Companies (hereinafter referred to as 'the Borrowers') for the full, proper and timely performance by the Borrowers of the Obligations under the Agreement on granting of documentary facility.

Term of transaction: The Surety Agreement shall be effective within 48 months from the date of its signature.

Parties: Surety - PAO Severstal; Bank - AO ING Bank (Eurasia).

The contractual amount - 165,000,000 (one hundred sixty five million) US dollars (2.46% 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): 424,174,595 thousand rubles.

2.6. Date of transaction (Agreement): 06.07.2018.

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: 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: June 29, 2018. Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 29.06.2018, Minutes № 9/2018.