Notice of EGM

Announcement of Extraordinary General Meeting (EGM)

29.02.2012, Moscow. 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 conducted by absentee voting on April 10, 2012.

The following agenda for the EGM was approved by the Board:

1. Acquisition of Company shares through a public cash tender offer

The closing date for the receipt of voting ballots is April 10, 2012. All Severstal shareholders on the register as at March 01, 2012 are eligible to participate.

For further information please contact:

Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 (495) 926-77-66

[email protected] 

Severstal Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66

[email protected] 

Hudson Sandler, PR Consultant

Andrew Hayes/Andrew Leach/Maria Ignatova/Alex Brennan

T: +44 (0) 20 7796 4133