EGM Statement

28 Dec 2006 07:00

OAO Severstal28 December 2006 SEVERSTAL Mira str. 30, RU-162600, Cherepovets, Vologda region, Russia Phone: +7 (8202) 53 14 18, fax: +7 (8202) 53 12 56, www.severstal.com 28 December 2006 EXTRAORDINARY GENERAL MEETING (EGM) - RESULTS OAO Severstal (LSE: SVST) announces the results of voting on the resolutionproposed at the Extraordinary General Meeting held on 25 December 2006. The following resolution was put to Severstal's shareholders on a poll at theExtraordinary General Meeting, and the results of voting were as follows: Toapprove the dividends for the third quarter of 2006 in the amount of 2 ruble percommon share and per global depositary receipt ("GDR") payable before 23February 2007 to shareholders on the share register record date of 16 November2006. Holders of the Company's GDRs may contact Deutsche Bank Trust Company Americasas depositary for the related GDRs record date and payment date. Enquiries: Severstal +7 495 540 7766 Dmitry Druzhinin, Investor Relations Olga Antonova, Public Relations This information is provided by RNS The company news service from the London Stock Exchange