Re-election of Chairman of the Board

Re-election of Chairman of the Board

Moscow, Russia - October 02, 2013. OAO Severstal ("Severstal"; "the Company"), one of the world's leading vertically integrated steel and steel-related mining companies, announces that its Board of Directors has re-elected Mr. Christopher Clark as Chairman of the Board of Directors of Severstal.

As previously announced, a new Board of Directors was elected at the EGM held on 30 September, 2013.

Christopher Clark is an Independent Non-Executive Director and a member of the Nomination and Remuneration Committee. He has been Chairman of the Board of Directors of Severstal since December 2006.

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 LSE. Severstal reported revenue of $14,104 million and EBITDA of $2,158 million in 2012. Severstal's crude steel production in 2012 reached 15.1 million tonnes. www.severstal.com