Transaction in own securities

RNS Number : 0816G
OAO Severstal
17 October 2008
 



TRANSACTION IN OWN SECURITIES


OAO Severstal ("Severstal") announces that on 16 October 2008, through its wholly owned subsidiary, Severstal Overseas Limited ("Severstal Overseas")it has purchased 229,292 of its global depositary receipts ("GDRs") representing interests in its ordinary shares on the London Stock Exchange at US$4.05 per GDR via Goldman Sachs International. One GDR represents an interest in one ordinary share. The GDRs will continue to be held by Severstal Overseas.


This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.


For further information:


Severstal


Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

+7 495 540 7766


Tulchan


Dominic Fry/Tom Murray

+44 207 353 4200