SVST.L Regulatory News (SVST)

8 Dec 2006 18:05

OAO Severstal08 December 2006 Not for distribution, directly or indirectly, in or into the United States orany jurisdiction in which such distribution would be unlawful. Post-Stabilisation Notice In connection with the OAO Severstal Global Offering of 85,000,000 OrdinaryShares in the form of Ordinary Shares (the "Shares") and Global DepositaryReceipts ("GDRs" and together with the Shares, the "Securities"), with one GDRrepresenting one Share at a price of US$12.50 per GDR. Citigroup Global Markets Limited (contact: Stephen Morris; telephone: 020 79860740) hereby gives notice that stabilisation (within the meaning of the rules ofthe Financial Services Authority) (See Note 1) was undertaken in relation to theabove offering for which it was acting as Stabilising Manager. Issuer: OAO SeverstalStabilising Manager Citigroup Global Markets LimitedStabilisation period: 8th November 2006 to 7th December 2006Stabilisation last occurred: 23rd November 2006 For each of the dates during which stabilisation transactions were carried out,the price range was as follows (See Note 2):Date Lowest Price (US$) Highest Price (US$)08/11/2006 11.65 12.5013/11/2006 11.75 11.7514/11/2006 11.70 11.7015/11/2006 11.50 11.7016/11/2006 11.50 11.5017/11/2006 11.40 11.4020/11/2006 11.50 11.5021/11/2006 11.55 11.6222/11/2006 11.65 11.6523/11/2006 11.60 11.60 Notes: 1 The notice refers to FSA rules rather than the Regulation as some stabilisation may occur before application is made for admission to the regulated market. 2 The references in article 9(3)(d) to stabilisation transactions suggests that the announcement need only include information with respect to transactions actually carried out. Additional information may be necessary if the stabilising manager undertook stabilisation transactions in any associated instruments. This announcement may not be distributed, directly or indirectly, in or into theUnited States, Canada, Australia, Japan or Russia. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Company in any jurisdiction. In addition, if and to the extent that this announcement is communicated in, orthe offer of the securities to which it relates is made in, any EEA Member Statethat has implemented Directive 2003/71/EC (together with any applicableimplementing measures in any Member State, the "Prospectus Directive") beforethe publication of a prospectus in relation to the securities which has beenapproved by the competent authority in that Member State in accordance with theProspectus Directive (or which has been approved by a competent authority inanother Member State and notified to the competent authority in that MemberState in accordance with the Prospectus Directive), this announcement and theGlobal Offer are only addressed to and directed at persons in that Member Statewho are qualified investors within the meaning of the Prospectus Directive (orwho are other persons to whom the offer may lawfully be addressed) and must notbe acted on or relied on by other persons in that Member State. The Global Offer and the distribution of this announcement and other informationin connection with the Global Offer in certain jurisdictions may be restrictedby law and persons into whose possession any document or other informationreferred to herein comes should inform themselves about and observe any suchrestriction. Any failure to comply with these restrictions may constitute aviolation of the securities laws of any such jurisdiction. This announcement is not an offer of securities for sale into the United States.The securities have not been, and will not be, registered under the U.S.Securities Act of 1933 and may not be offered or sold in the United Statesabsent registration or an exemption from registration. There will be no publicoffer of securities in the United States. END This information is provided by RNS The company news service from the London Stock Exchange