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Dividends

In July 2003, the Board of Directors of Severstal adopted the key principles of Severstal’s corporate dividend policy.

Pursuant to the current dividend policy, Severstal will pay dividends on an annual basis provided that there are sufficient available annual profits to do so, after accounting for, inter alia, capital expenditure commitments. Whilst the amount of such annual dividends will vary according to  Severstal’s net profit and cash flow, Severstal intends to declare dividends for the medium term (until 2008) in an average amount equivalent to 25% of net profit (calculated in accordance with IFRS) for the relevant reporting period subject to availability of funds. In the long-term (after 2008), Severstal may  increase dividend payments, subject to a decrease in capital expenditure requirements. Severstal may declare an interim dividend if it believes its  financial position for such period is sustainable.

The current number of issued ordinary shares is  837,718,660.

Important notes:

In December 2004 Severstal completed a 1:25 share split resulting in a change in the number of outstanding shares from 22,074,192 to  551,854,800. Dividends per share for the previous periods are stated according to the decisions in the shareholder’s meetings and must be divided by 25 to receive comparable data.

The following table illustrates the complete history of  Severstal’s dividend payments:

Period Shares Outstanding Record date for dividends Dividend Per Share, RUB Dividend Per Share, USD Starting Date for Payments
2014 interim 3 months 837,718,660 23.06.14 2.43 0.07 24.06.14
2013 full year 837,718,660 23.06.14 3.83 0.11 24.06.14
2013 interim 9 months 837,718,660 31.10.13 2.01 0.06 18.12.13
2013 interim 6 months 837,718,660 12.08.13 2.03 0.06 01.10.13
2013 interim 3 months 837,718,660 26.04.13 0.43 0.01 14.06.13
2012 full year 837,718,660 26.04.13 1.89 0.06 14.06.13
2012 interim 9 months 837,718,660 09.11.12 3.18 0.10 21.12.12
2012 interim 6 months 837,718,660 10.08.12 1.52 0.05 28.09.12
2012 interim 3 months 1,007,701,355 15.05.12 4.07 0.13 29.06.12
2011 full year 1,007,701,355 15.05.12 3.56 0.12 29.06.12
2011 interim 9 months 1,007,701,355 15.11.11 3.36 - 11.01.12
2011 interim 6 months 1,007,701,355 24.08.11 4.37 - 04.10.11
2011 interim 3 months 1,007,701,355 22.05.11 3.90 - 28.06.11
2010 full year 1,007,701,355 22.05.11 2.42 - 28.06.11
2010  interim, 9 months 1,007,701,355 12.11.10 4.29 - 22.12.10
2008 interim, 9 months 1,007,701,355 14.11.08 7.17 - 30.12.08
2008 interim, 6 months 1,007,701,355 20.08.08 18.35 - 01.10.08
2008 interim, 3 months 1,007,701,355 15.05.08 5.20 - 30.06.08
2007 full year 1,007,701,355 15.05.08 4.00 - 30.06.08
2007 interim, 9 months 1,007,701,355 14.11.07 2.50 - 20.12.07
2007 interim, 6 months 1,007,701,355 20.08.07 10.00 - 03.10.07
2007 interim, 3 months 1,007,701,355 18.05.07 2.60 - 05.07.07
2006 full year 1,007,701,355 27.04.07 5.00 0.192 -
2006 interim, 9 months 930,784,663 16.11.06 2.00 0.074 26.12.06
2006 interim, 6 months 930,784,663 07.08.06 3.60 0.135 26.09.06
2005 full year 551,854,800 21.04.06 4.00 0.15 10.06.06
2005 interim, 9 months 551,854,800 19.10.05 3.00 0.10 13.12.05
2005 interim, 6 months 551,854,800 04.08.05 3.90 0.14 10.10.05
2005 interim, 3 months 551,854,800 21.04.05 4.00 0.14 27.06.05
2004 full year 551,854,800 21.04.05 3.00 0.10 27.06.05
2004 interim, 9 months 22,074,192 23.10.04 230.00 8.27 27.12.04
2004 interim, 6 months 22,074,192 05.08.04 100.00 3.42 30.09.04
2004 interim, 3 months 22,074,192 02.04.04 42.00 1.45 21.05.04
2003 full year 22,074,192 02.04.04 28.00 0.97 21.05.04
2003 interim, 9 months 22,074,192 14.10.03 205.00 6.82 -
2003 interim, 6 months 22,074,192 30.06.03 194.00 6.39 -
2002 full year 22,074,192 06.04.03 72.00 2.30 -
2001 full year 22,074,192 06.05.02 28.80 0.92 -
2000 full year 22,074,192 03.05.01 60.00 2.08 -

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Severstal International

IR contacts

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Head of Investor Relations
Email: ir@severstal.com
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PR contacts

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Head of Communications
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HR contacts

Natalia Bachinskaya
HR Department Manager
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T: +7 (495) 926 7761

CSR contacts

Natalia Poppel
Head of Corporate Social Responsibility
Email: csr@severstal.com
T/f: +7 (495) 926 7766 ext.6449

Corporate Secretary

Artem Bobulich
Corporate Secretary of OAO Severstal
Email: corporate_secretary@severstal.com
Phone: +7 (8202) 53 0900
Fax: +7 (8202) 53 2159