Result of EGM

RNS Number : 7386E
OAO Severstal
01 October 2008

Extraordinary General Meeting (EGM) - Results

October 12008

OAO Severstal announces the results of voting on the resolution proposed at the Extraordinary General Meeting held on 30 September 2008.

The following resolution was put to Severstal's shareholders on a poll at the Extraordinary General Meeting, and the results of voting were as follows: to approve the dividends for the first half of 2008 in the amount of 18.35 rubles per common share and per global depositary receipt ("GDR") payable before 2November 2008 to shareholders on the share register record date of 20 August 2008. The starting date for payments is October 1, 2008.

Holders of the Company's GDRs may contact Deutsche Bank Trust Company Americas as depositary for the related GDRs record date and payment date.

For further information:


Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

+7 495 926 7766

Tulchan Communications

Dominic Fry, Tom Murray

+44 207 353 4200