Result of EGM

Result of EGM

Moscow, Russia - September 30, 2013. OAO Severstal ("Severstal"; "the Company"), one of the world's leading vertically integrated steel and steel-related mining companies, announces that the following resolutions were passed at the Extraordinary General Meeting ("EGM") of Shareholders held on 30 September, 2013:

1. To approve early termination of the authorities of Severstal's Board members.

2. To elect to Severstal's Board of Directors: Alexey Mordashov, Mikhail Noskov, Vadim Larin, Alexey Kulichenko, Vladimir Lukin, Christopher Clark, Rolf Stomberg, Martin Angle, Ronald Freeman, Peter Kraljic.

3. To pay a dividend of 2.03 rubles (approximately $0.06) per share for the first six months of the financial year to 30 June 2013.

4. To approve changes to the Board of Directors' remuneration.

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

The record date for dividend payment for the first six months of 2013 was 12 August 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