Announcement of EGM

Announcement of Extraordinary General Meeting ('EGM') and record date for dividend payments for the first six months of 2013

Moscow, Russia - July 18, 2013. OAO Severstal ("Severstal"; "the Company"), one of the world's leading vertically integrated steel and steel-related mining companies, announces that the Board of Directors has called an EGM to be held on 30 September 2013.

The Board has approved the following agenda for the EGM:

1. Early termination of the authorities of Severstal's Board members

2. Election of members of the Company's Board of Directors

3. Dividend payments for the first six months of the financial year to 30 June 2013

4. Revision of the resolution on changes to the Board of Directors' remuneration that was passed at the company's AGM on 13 June 2013

The changes in the Board membership are related to the management and organizational changes which were announced on July 15, 2013.

All Severstal shareholders on the register as at 12 August 2013 are eligible to participate in the EGM.

In the case that the dividend payments for the first six months of the financial year to 30 June 2013 are approved at the EGM, the record date will be 12 August 2013.

The EGM will be held at 4 Zhukova Street, Cherepovets, Vologda region, Russia. Registration for the EGM will start at 11.00am (MT) with the EGM itself starting at 12.00pm (MT).

 Enquiries: 

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, Liberia and Brazil. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the London Stock Exchange. Severstal reported revenue of $14,104 million and EBITDA of $2,131 million in 2012. Severstal produced 15.1 million tonnes of crude steel in 2012. www.severstal.com