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27 Jun 2008 10:41
Resolutions of the Annual General Meeting of Shareholders of OAO Severstal
Shareholders approve the revised composition of OAO Severstal's Board of Directors
Cherepovets, Russia - June 27, 2008: - The Annual General Meeting of Shareholders of OAO Severstal was held today. In the course of the voting number of resolutions were adopted, specifically:
1. To elect the Board of Directors of OAO Severstal composed of the following: Alexei Mordashov, Mikhail Noskov, Anatoly Kruchinin, Vadim Makhov, Christopher Clark, Ronald Freeman, Peter Kraljic, Martin Angle, Rolf Stomberg; Gregory Mason.
2. To approve the annual report and annual accounting statements, including profit and loss statement.
3. To distribute profit according to the fiscal year results. To pay dividends in the amount of Four (4) Rubles per one ordinary registered share, according to 2007 results. Form of dividend payment: bank transfer of funds. Commencement of the dividend payment: the day following the date of drawing up the voting results report. Dividend payment procedure: the dividends shall
be remitted to shareholders by means of bank transfer to their bank accounts. Not to
distribute profit received in 2007 which is not allocated for dividend payment.
4. To pay dividends according to 1Q 2008 results, in the amount of Five (5) Rubles 20 Kopecks per
one ordinary registered share. Form of the dividend payment: bank transfer of
funds. Commencement of the dividend payment: the day following the date of drawing up the voting
results report. Dividend payment procedure: dividends shall be remitted to shareholders by means
of bank transfer to their bank accounts.
5. To elect an Audit Commission of OAO Severstal composed of the following: Roman I.
Antonov, Timur M. Bayazitov, Alexei I. Guryev.
6. To approve ZAO KPMG (TIN 7702019950; License for auditing activities: No. Е
003330, approved pursuant to the Ministry of Finance of Russian Federation Order as of
January 17, 2003) as OAO Severstal Auditor.
7. To approve the new version of the OAO Severstal Charter.
8. To approve the new version of the Statute of OAO Severstal's Board of Directors.
9. To make amendments to the resolution on setting the amount of remuneration and its payment to
the members of the OAO Severstal Board of Directors for acting as members of OAO
Severstal's Board of Directors, adopted by the Special General Meeting of Shareholders of OAO
Severstal held on December 15, 2006 (Minutes No. 5 as of December 15, 2006).
About Severstal:
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. Severstal owns mining assets in Russia, thus securing its supplies of raw materials. In 2007, Severstal produced 17.5 million tons of steel. Revenues were $15.2 billion and EBITDA was $3.7 billion. EPS was $1.92.
Contact information:
OAO Severstal:
Press Service Head O. Antonova
Head of Investor Relations D. Druzhinin
Phone: + 7 495 5407766
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