Severstal PAO Approves Dividend for the First Half of 2020, Payable to Shareholders Not Later Than October 13, 2020

On August 28, 2020, the shareholders of Severstal PAO approved a dividend of RUB 15.44 per common stock for the first half of 2020 payable to shareholders of record on September 8, 2020. Total amount of approved common dividends is RUB 12,934,376,110.40. Date to pay dividends to nominal holder and trust manager, which is a professional stock market player, recorded in the Register of Shareholders - not later than September 22, 2020.

Date to pay dividends to other shareholders recorded in the Register of Shareholders - not later than October 13, 2020.