Result of EGM

OAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that the following resolutions were passed at the Extraordinary General Meeting (“EGM”) of Shareholders held on 30 September, 2013:

1. To approve early termination of the authorities of Severstal’s Board members.

2. To elect to Severstal’s Board of Directors: Alexey Mordashov, Mikhail Noskov, Vadim Larin, Alexey Kulichenko, Vladimir Lukin, Christopher Clark, Rolf Stomberg, Martin Angle, Ronald Freeman, Peter Kraljic.

3. To pay a dividend of 2.03 rubles (approximately $0.06) per share for the first six months of the financial year to 30 June 2013.

4. To approve changes to the Board of Directors’ remuneration.

The dividends will be paid within 60 days from the date of the EGM.

The record date for dividend payment for the first six months of 2013 was 12 August 2013.