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Result of Meeting

12th Mar 2008 16:43

OAO Severstal12 March 2008 SEVERSTAL For Immediate Release12 March 2008 Severstal board of directors resolutions: Severstal's Board of Directors, held on 11-12 March 2008, recommended adividend of 4.00 rubles per share and per global depositary receipt ("GDR")for the FY 2007 with the record date of 15 May 2008. Each GDR representsone share in the Company. Approval of the dividend payment is expected at the company's AGM on 27June 2008. Enquiries: Severstal +7 495 540 7766Dmitry Druzhinin, Investor RelationsOlga Antonova, Public Relations This information is provided by RNS The company news service from the London Stock Exchange

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