Recommended Dividend and Additions to the Agenda of the Annual General Meeting ("AGM")

The Board of Directors of Severstal (“Severstal”, “the Company”) (LSE: SVST; MICEX-RTS: CHMF), one of the world’s leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 12.81 rubles per share for the first three months to 31 March 2015.

Approval of the dividend is expected at the Company’s AGM which will take place on 25 May 2015 at Steel Matallurgists Palace, Stalevarov street 41, Cherepovets, Vologda Region, Russia. Registration for the AGM will start at 11.00am (MT) with the meeting itself starting at 12.00pm (MT). The record date for participation in the AGM was 13 April 2015.

If the dividend recommendation for the first three months ended 31 March 2015 is approved at the AGM, the record date for this dividend payment will be 5 June 2015.

On a separate note, Board of Directors has also approved some additions to the previously announced Agenda of the AGM to be held in Cherepovets, Russia on 25 May 2015:

- Approval of a new edition of the Charter of Severstal

The rest of the AGM Agenda contents remains unchanged as it was announced on 10 April 2015.

 

For further information, please contact:

 

Severstal Investor Relations

Vladimir Zaluzhsky
T: +7 (495) 926-77-66
vladimir.zaluzhsky@severstal.com

 

Severstal Public Relations

Elena Kovaleva
T: +7 (495) 926-77-66
elena.kovaleva@severstal.com

 

Severstal’s financial communications agent - Hudson Sandler

Andrew Hayes / Maria Ignatova / Alex Brennan
T: +44 (0) 20 7796 4133

 

PАО Severstal is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on the Moscow Stock Exchange with GDRs being traded on the London Stock Exchange. Severstal reported revenue of $8,296 million and EBITDA of $2,203 million in 2014. Severstal’s crude steel production in 2014 reached 11.3 million tonnes. www.severstal.com