The Board recommends dividend payment for the nine months to 30 September 2013

The Board of Directors of ОАО Severstal (“Severstal”) (LSE: SVST; MICEX-RTS: CHMF), one of the world’s leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 2.01 rubles (approximately $0.06) per share for the nine months to 30 September 2013.

Approval of the dividend is expected at the Severstal’s EGM which will take place on 17 December 2013. As previously announced, the record date for dividend payments for the nine months to 30 September 2013 was 31 October 2013 inclusive.