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Transaction in own securities
OAO Severstal ("Severstal") announces that on 23 September 2008, through its wholly owned subsidiary, Severstal Overseas Limited ("Severstal Overseas"), it has purchased 226,707 of its global depositary receipts ("GDRs") representing interests in its ordinary shares on the London Stock Exchange at US$13.63 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:
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 540 7766
Dominic Fry/Tom Murray
+44 207 353 4200