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ACHIEVE MORE
TOGETHER

PAO Severstal is a vertically integrated steel and steel-related mining company
with major assets in Russia and investments in other regions.

About Severstal

About


INTEGRATED INDUSTRY SOLUTIONS

Severstal is one of the world’s most efficient metals and mining companies,
working with customers and partners to create new products and integrated
solutions from steel.

We are driven by our collaborators’ success and progress.

This pushes us to keep growing and inspiring others in their search for
something new.


OUR VISION — TO BE THE STEEL INDUSTRY LEADER OF THE FUTURE AND THE LEADER
IN VALUE CREATION.

Steel is a foundation of our solutions, but not its limitation. We confidently
extend beyond steel-making with our clients and partners, always getting better
and searching for new ideas to improve the world.
For Clients

Investor relations


INVESTMENT
STRATEGY

We are striving to become the leader in value creation for all amendable
parties.

The company continuously generates free cash flow.

1.6 billion USD was paid to our clients as dividends in 2019, which is equal
to 12% average dividend income during the reporting period.

Sustainable development


LOOKING INTO
THE FUTURE

Sustainable development is one of the key components of Severstal’s corporate
culture.

We view our company as an «open system», which requires effective communication
with our business partners, public authorities, labor collectives and the
general public for its sustainability.

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SEVERSTAL TODAY

11 april 2022


NOTIFICATION ON THE Q1 2022 FINANCIAL RESULTS PUBLICATION

Financial

Severstal


NOTIFICATION ON THE Q1 2022 FINANCIAL RESULTS PUBLICATION

PAO Severstal (MOEX: CHMF; LSE: SVST) informs that the Company has decided
temporarily not to publish its Financial statements for Q1 2022 due to the fact
that a significant part of its shareholders is unable to make investment
decisions and such a disclosure can put some stakeholders into an advantageous
position in relation to the others.

Review of the payment (declaration) of dividends for the results for Q4 2021 is
expected at the Annual General Meeting of Shareholders on 20 May 2022. In the
current macroeconomic environment, the Management will not recommend the Board
of Directors to pay dividends for Q1 2022 and Q4 2021. The Board will review and
finalize dividend recommendations when approving the matters related to the
preparation for the Annual General Meeting of Shareholders.
 

For further information, please contact:
 * Severstal Investor Relations
   Vladimir Zaluzhsky, Nikita Klimantov
   T: +7 (495) 926-77-66
   vladimir.zaluzhsky@severstal.com; na.klimantov@severstal.com
 * Severstal Public Relations
   Anastasia Mishanina
   T: +7 (495) 926-77-66
   anastasia.mishanina@severstal.com

1 april 2022


UPDATE ON THE SITUATION REGARDING THE COUPON PAYMENT FOR THE EUROBOND 2024

Financial

Severstal


UPDATE ON THE SITUATION REGARDING THE COUPON PAYMENT FOR THE EUROBOND 2024

April, 1st, 2022 - PAO Severstal (MOEX: CHMF; LSE: SVST) informs that further to
our latest disclosures to the holders of the LPNA dated the 23rd and 29th  of
March 2022 regarding the pending interest payment on the loan relating to Loan
Participation Notes due 2024 (LPN) issued by Steel Capital S.A. (the “Issuer”)
in the amount of US$12,6 mln, on 31 March 2022 Severstal also filed license
applications with the UK Office of Financial Sanctions Implementation (OFSI) and
the competent sanctions authorities in Luxembourg and Ireland. This complements
the filings to the United States Office of Foreign Assets Control that Severstal
made on the 28th of March 2022.

These applications request that OFSI and other relevant competent authorities in
the European Union  grant specific licenses authorizing, to the extent such
authorization is required under applicable sanctions, the financial institutions
and other parties involved in the LPN program to resume normal processing of
payments that are or become due under the LPN program. This would include the
transfer of the interest due to the Issuer to the latter's bank account with the
Paying Agent (Citibank, N.A., London Branch), and the normal onward payment of
those funds on behalf of the Issuer towards the holders of the LPN.

Mindful of the urgency of the matter we have requested that the relevant
competent authorities consider our application on an expedited basis.

Severstal will keep all interested parties informed of the progress of the
submitted license applications.

29 march 2022


UPDATE ON THE SITUATION REGARDING THE COUPON PAYMENT FOR THE EUROBOND 2024

Financial

Severstal


UPDATE ON THE SITUATION REGARDING THE COUPON PAYMENT FOR THE EUROBOND 2024

PAO Severstal (MOEX: CHMF; LSE: SVST) informs that further to our latest
disclosure dated 23 March 2022 regarding the pending interest payment on the
loan relating to Loan Participation Notes due 2024 (LPN) issued by Steel Capital
S.A. (the “Issuer”) in the amount of US$12,6 mln, on 28 March 2022 Severstal
filed license applications with the United States Office of Foreign Assets
Control (OFAC).

These applications request that OFAC grant specific licenses authorizing, to the
extent such authorization is required under US sanctions, the financial
institutions and other parties involved in the LPN program to resume normal
processing of payments that are or become due under the LPN program. This would
include the release of the funds that have previously been blocked by Citibank
N.A. and the transfer of those funds together with the remainder of the interest
due to the Issuer to the latter's bank account with the Paying Agent (Citibank,
N.A., London Branch), and the normal onward payment of those funds on behalf of
the Issuer towards the holders of the LPN.

Mindful of the urgency of the matter we have requested that OFAC consider our
application on an expedited basis.

Severstal will keep all interested parties informed of the progress of the
license applications with OFAC.

23 march 2022


UPDATE ON THE SITUATION REGARDING THE COUPON PAYMENT FOR THE EUROBOND 2024

Financial

Severstal


UPDATE ON THE SITUATION REGARDING THE COUPON PAYMENT FOR THE EUROBOND 2024

PAO Severstal (MOEX: CHMF; LSE: SVST) (the ‘Company’) informs that a test
payment which the Company made on 16th of March 2022 in respect of the interest
due from it under the loan (the ‘Loan’) relating to US$800,000,000 3.15% Loan
Participation Notes due 2024 (the ‘Notes’) issued by Steel Capital S.A.
(Luxembourg) (the ‘Issuer’) has not reached the Issuer’s account. As confirmed
by our account bank, the payment was frozen by their correspondent bank
(Citibank N.A., New York) due to regulatory investigations.

Staying committed to fulfill our obligations under the Loan so as to enable the
coupon payment by the Issuer under the Notes and to protect the rights of the
Noteholders, we have been taking all efforts to effect the payment in line with
the Notes documentation. As part of that, we have been in constant liaison with
the Principal Paying Agent and the Trustee (Citibank, N.A., London Branch) and
are looking to initiate the application for licenses from the relevant competent
authorities that may be required for an uninterrupted processing of PAO
Severstal’s payment instruction. To enhance the efficiency of those actions and
promote a faster outcome to the benefit of Noteholders, we would also strongly
encourage the Noteholders to contact the Trustee tel. +44 20 7500 5500 and
request the Trustee to cooperate with the Company in its efforts to obtain the
licenses from the relevant competent authorities required to enable the
processing of payments due under the Loan and the Notes as well as to liaise
with the relevant authorities to pursue a broader solution in order to minimize
unintended effect of the sanctions restrictions on the Noteholders.

We will keep the Noteholders regularly informed about the progress of our
communications with the Trustee and the relevant regulatory filings and expect
that this unprecedented situation can be resolved to the benefit of Noteholders
as soon as is practically possible. We would also encourage the Noteholders to
engage in the discussion that we have proposed to the Trustee, the Principal
Paying Agent and the Issuer in order to coordinate further actions in the most
efficient way.

Achieve more together
+7 (8202) 53 0900Reception (general inquiries)
 * Fax: +7 (8202) 53 0915
 * Е-mail: severstal@severstal.com

 * For suppliers and contractors

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