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MR. RONALD FREEMAN, INDEPENDENT DIRECTOR, PURCHASED SHARES OF OAO SEVERSTAL
On October 2, 2008 Mr. Ronald Freeman, Independent Director, purchased 16000 GDRs on 7 October 2008 at a price of US$6.00 per security. Following this transaction, Mr. Ronald Freeman's total shareholding in the Company is 40100 securities (0.00398% of the Company share capital).
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. Severstal owns mining assets in Russia, thus securing its supplies of raw materials. In 2007, Severstal produced 17.5 million tons of steel. Revenues were $15.2 billion and EBITDA was $3.7 billion. EPS was $1.92.
For further information:
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 540 7766