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GDR Information

In December 2003, Severstal established a Level I sponsored Global Depositary Receipt (“GDR”) program for 19.99% of its shares. This program covers only existing shares and allows the shareholders of Severstal to convert their stocks into GDRs.

At that time, 1 DR includes 5 ordinary shares. This ratio was established after 1 to 25 stock split in December 2004, whereby the par value changed from RUB 0.25 to RUB 0.01. The old ratio was the opposite-proportion of 1 share to 5 DRs.

As a result of IPO happened in October-November, 2006 since November 14, 2006 Severstal’s GDR were admitted to the Official List of the UK Listing Authority (“Admission”). All previous GDR’s issues were converted to new GDR program. Currently, 1 DR includes 1 ordinary share. The Reg S GDRs listed on the London Stock Exchange under the symbol “SVST”. The 144A GDRs presented in the PORTAL system.

The custodian for the program is Deutsche Bank Trust Company Americas.

Issued GDR’s as at March 31, 2009

Number:

90,721,672
(Reg S + 144A)

% of share capital: 9,0%
DR Ratio: 1 DR: 1 ORD
DR ISIN: Reg S — US8181501045
144A — US8181503025
CUSIP Reg S — 818150302
144A — 818150104
DR Type: Reg S / Sponsored
144A / Sponsored


Share Price Graph

Geographical Distribution of Total Free-Float Shares Identified (%)

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Severstal International

IR contacts

Vladimir Zaluzhsky
Head of Investor Relations
Email
T/f: +7 (495) 926 7766/67 ext.6375

PR contacts

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Head of External Communications
Email
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HR contacts

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


Aishat Chekunova
HR Department Manager
Gold Segment
Email
T: +7 (495) 981 0910 ext.6681
F: +7 (495) 981 0918

CSR contacts

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

Corporate Secretary

Oleg Tsvetkov
Corporate Secretary of OAO Severstal
Email
Phone: +7 (8202) 53 0900
Fax: +7 (8202) 53 2159