Publication of Final Terms

The following Final Terms are available for viewing: Moscow, Russia – March 15, 2013 - OAO Severstal hereby informs that the attached Final Terms were executed on 15 March 2013 in relation to the forthcoming issuance by, but with limited recourse to, Steel Capital S.A., being an affiliated company of OAO Severstal and incorporated under the laws of Luxembourg as a société anonyme, of US$600,000,000 4.45 % Notes due 2018 for the sole purpose of financing a US$600,000,000 4.45% five-year loan to OAO Severstal (the "Notes") under the US$4,500,000,000 Programme for the issuance of loan-participation notes. The Final Terms contain the final terms of the Notes and must be read in conjunction with the Base Prospectus dated 15 March 2013 relating to the Programme (the “Base Prospectus”), which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) and is attached hereto for convenience. Full information on Steel Capital S.A., OAO Severstal and the offer of the Notes is available only on the basis of the combination of the Final Terms and the Base Prospectus.

To view the Final Terms in full, please paste the following URL into the address bar of your browser.

Copies of the Final Terms will shortly be available for inspection on the website of the Central Bank of Ireland at http://www.centralbank.ie.

To view the Base Prospectus in full, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/1810A_1-2013-3-15.pdf

Copies of the Base Prospectus are available for inspection on the website of the Central Bank of Ireland at http://www.centralbank.ie.