PAO Severstal: Moody's, Fitch and S&P, withdraw Severstal's rating

Moody's, Fitch and S&P, withdraw Severstal's rating

PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that Moody's, Fitch and S&P have withdrawn the Company's credit ratings. The withdrawal of the ratings follows the EU's decision to ban the provision of credit ratings to Russian entities.

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

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P 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. The company's assets are located in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $11.6 million and EBITDA of $6 bln in 2021. Severstal's crude steel production in 2021 reached 11.6 million tonnes.