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Result of Meeting

21st May 2007 07:31

OAO Severstal21 May 2007 SEVERSTAL Mira str. 30, RU-162600, Cherepovets, Vologda region, RussiaPhone: +7 (8202) 53 14 18, fax: +7 (8202) 53 12 56, www.severstal.com For Immediate Release21 May 2007 Severstal's Board of Directors held on 18 May 2007 decided to hold an extraordinary general shareholders meeting in form of absent voting The Board has also approved the date of June 29, 2007 as a date of compilationthe voting papers (and the date of extraordinary general shareholders meeting). The shareholders' register is set to be closed on 18 May, 2007, according to theBoard's decision. The agenda of Severstal's extraordinary general shareholders meeting: 1. Payment of dividend for Q1 2007. This information is provided by RNS The company news service from the London Stock Exchange

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