Management Share Dealing Notification

Moscow, Russia – July 01, 2014. OAO Severstal (“Severstal”; “the Company”), one of the world’s leading steel and steel-related mining companies, announces that Alexey Kulichenko, Chief Financial Officer and member of the Board of Directors of Severstal, has purchased 120 000 Global Depositary Receipts of the Company at a price of US$ 8.292 per GDR. The transaction was closed on 26 June, 2014. Following this transaction, Mr.Kulichenko’s total shareholding in the Company is 0.0143%.

Severstal Investor Relations
Vladimir Zaluzhsky
T: +7 495 926 7766
Severstal Public Relations
Elena Kovaleva
T: +7 (495) 926-77-66

Hudson Sandler (Financial Communications Adviser)
Andrew Hayes / Maria Ignatova / Alex Brennan
T: +44 (0) 20 7796 4133 

ОАО Severstal is one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on MICEX and the company’s GDRs are traded on the LSE. Severstal reported revenue of $13,312 million and EBITDA of $2,063 million in 2013. Severstal’s crude steel production in 2013 reached 15.7 million tonnes.