OAO Severstal Repays US$325 mln Eurobonds issue

OAO Severstal has repaid its US$ 325 mln Eurobonds issue from the Company's internal funds.

The bonds were issued on February 19, 2004 and amounted to US$325 mln repayable in 5 years.

For further information:

Severstal
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 926 77 66

Tulchan Communications
Dominic Fry, Tom Murrey
+44 207 353 42 00