Change in director's shareholding

Change in director's shareholding

Moscow, Russia. October 15 2012 - On October 09, 2012 Mr. Martin Angle, Independent Director, disposed of 5,000 GDRs at a price of US $12.7125 per security. Following this transaction, Mr. Martin Angle's total shareholding in the Company reduced to 5,000 securities (0.000597% of the Company share capital).

Enquiries: 

Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 495 926 7766

Severstal Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66

Hudson Sandler (Financial Communications Adviser)

Andrew Hayes / Andrew Leach / Maria Ignatova

T: +44 (0) 20 7796 4133

ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, the Ukraine, Latvia, Poland, Italy, Liberia and Brazil. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $15,812 million and EBITDA of $3,584 million in 2011. Severstal's crude steel production in 2011 reached 15.3 million tonnes. www.severstal.com