AGM Statement

11.06.2010

OAO Severstal

Results of AGM

The Annual General Meeting of Shareholders of OAO Severstal for the results of 2009 was held on June 11, 2010. The following resolutions were adopted:

1. To elect OAO Severstal's Board of Directors composed of the following: Alexey Mordashov, Mikhail Noskov, Sergei Kuznetsov, Anatoly Kruchinin, Alexey Kulichenko, Christopher Clark, Rolf Stomberg, Martin Angle, Ronald Freeman and Peter Kraljic.

2. To elect Alexey Mordashov as General Director of OAO Severstal.

3. To approve the Annual Report and annual accounting statements, including the profit and loss statement.

4. To not distribute profits for the fiscal year 2009 results.

5. To elect an Internal Audit Commission of OAO Severstal composed of the following: Roman Antonov, Artem Voronchihin, Irina Utyugova.

6. To approve ZAO KPMG (TIN 7702019950; principal Registration Number of the Entry in the State Register of Auditors and Audit Organisations: 10301000804) as OAO Severstal's Auditor.

7. To approve Board members' remuneration and compensation for expenses.

For further information:

Severstal

Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

Oleg Tsvetkov, Corporate Secretary

+7 495 926 7766