Vadim Larin appointed CEO of Severstal Management

Vadim Larin appointed CEO of Severstal Management

PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading steel and steel-related mining companies, announces Vadim Larin, previously COO of Severstal Management, appointed CEO of Severstal Management in line with Company's plans announced earlier on 27 April 2015. The positon of COO no longer exists.

As previously announced, Alexey Mordashov, who held the position of CEO of Severstal since December 2006, was elected Chairman of the Board of Directors of PAO Severstal at the meeting of PAO Severstal's Board of Directors on 26 May 2015.

Vadim Larin

Vadim Larin (born in 1970) - Chief Operating Officer since 2013. Vadim joined Severstal in 2003 as a CEO of Intaugol. He became a CEO of Kuzbassugol in 2005, and a CEO of Vorkutaugol in 2007. Vadim Larin was appointed a CEO of Severstal Resources mining division in 2010. Vadim graduated from the Moscow Institute of Radio Engineering, Electronics and Automation. He also holds an MBA degree from INSEAD. Prior to joining Severstal, Vadim worked at McKinsey& Company.

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

PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on the Moscow Stock Exchange with GDRs being traded on the London Stock Exchange. Severstal reported revenue of $8,926 million and EBITDA of $2,203 million in 2014. Severstal's crude steel production in 2014 reached 11.3 million tonnes. www.severstal.com