Result of EGM

Result of EGM

Moscow, Russia - December 18, 2013. OAO Severstal ("Severstal"; "the Company"), one of the world's leading vertically integrated steel and steel-related mining companies, announces that the following resolution was passed at the Extraordinary General Meeting ("EGM") of Shareholders held on 17 December, 2013:

- To pay a dividend of 2.01 rubles (approximately $0.06) per share for the first nine months of the financial year to 30 September 2013.

The dividends will be paid within 60 days from the date of the EGM.

The record date for dividend payment for the first nine months of 2013 was 31 October 2013.

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] 

Severstal's financial communications agent - Hudson Sandler

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