Eurobonds 2018

Issuer Steel Capital SA (the "Issuer")
Company (as Borrower) Open Joint Stock Company ‘‘Severstal’’ (the ‘‘Borrower’’ or ‘‘Severstal’’)with its registered office and business headquarters at Ul. Mira 30, 162600 Cherepovets, Russia
Offering U.S.$600,000,000 4.45 percent Loan Participation Notes due 2018
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 19 March 2013
Maturity Date 19 March 2018
Interest 4.45% per annum
Security Codes Regulation S ISIN: XS0899969702
Regulation S Common Code: 089996970
Rule 144A ISIN: US85805RAC25
Rule 144A Common Сode: 089997291
Rule 144A CUSIP: 85805RAC2