Result of Extraordinary General Meeting

28.09.2012, Moscow. OAO Severstal (“Severstal”), one of the world’s leading vertically integrated steel and steel related mining companies, announces the results of voting on the resolutions proposed at the EGM held on 27 September 2012. The following resolutions were approved by Severstal's shareholders at the EGM: a) dividend for the first six months of the financial year to 30 June 2012 of 1.52 ruble (approximately $0.05) per common share and per global depositary receipt (“GDR”) payable before 27 November 2012 to shareholders on the share register as at 10 August 2012. Holders of the Company's GDRs may contact Deutsche Bank Trust Company Americas for the related GDRs’ record date and payment date.