Eurobonds 2017

Issuer Steel Capital SA (the ‘‘Issuer’’)
Company (as Borrower) OAO Severstal (the ‘‘Borrower’’ or the ‘‘Company’’) with its registered office and business headquarters at Ul. Mira 30, 162600 Cherepovets, Russia
Offering US$1,000,000,000 6.70 percent Loan Participation Notes due 2017
Trustee Citibank, N.A., London Branch
Principal Paying Agent and Transfer Agent Citibank, N.A., London Branch
Registrar Citigroup Global Markets Deutschland AG
New York Paying Agent and Transfer Agent Citibank, N.A., New York branch
Issue Price of Notes 100 percent of the principal amount of Notes
Settlement Date 25 October 2010
Maturity Date 25 October 2017
Interest 6.70 % per annum
Security Codes Regulation S ISIN: XS0551315384
Regulation S Common Code: 055131538
Rule 144A ISIN: US858057AC66
Rule 144A Common Сode: 055206767
Rule 144A CUSIP: 858057AC6