Dividend payment for the 9 months 2013

OAO SEVERSTAL

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

Moscow, Russia - November 12, 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.

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