Further re Final Results

2 Apr 2007 10:49

OAO Severstal02 April 2007 SEVERSTAL FOR IMMEDIATE RELEASE RESULTS FOR THE YEAR ENDED DECEMBER 31, 2006 POSITIVE YEAR FOR GROWTH OF SEVERSTAL April 2, 2007 - OAO Severstal (LSE: SVST; RTS: CHMF), today announces itsaudited results for the year ended 31 December 2006. Financial Results for the year ended December 31, 2006($ million unless otherwise stated) The year ended The year ended Change December 31, 2006 December 31, 2005 y-o-yRevenue 12,423 10,432 19.1%Revenue onpro-formabasis1 11,574 7.3%EBITDA2 2,987 2,853 4.7%EBITDA onpro-formabasis1 3,054 (2.2%)Profitfrom 1,954 2,320 (15.8%)operationsNet 1,181 1,696 (30.4%)profit3EPS, $ 1.27 1.86 (31.7%)DPS, $ 0.39 0.53 (26.4%) Notes: 1 Financial results of Lucchini were included in the consolidated financialstatements for the year ended December 31, 2006 from the end of April 2005.Accordingly, consolidated financial results for 2005 include only eight monthsof financial results of Lucchini. Pro-forma information is presented solely to facilitate comparability andincludes financial results of Lucchini for the whole of 2005. Pro-formainformation is unaudited but it is based on audited consolidated financialstatements of OAO Severstal and of Lucchini S.p.A. 2 Refer to Attachment 1 for reconciliation to profit from operations 3 Net profit attributable to shareholders For further information: Severstal Dmitry Druzhinin, Investor RelationsOlga Antonova, Public Relations+7 495 540 7766 Tulchan CommunicationsAndrew Grant/Celia Gordon Shute+44 207 353 4200 Severstal will be holding a conference call for analysts and investors at 5 pmMoscow Time on Monday 2 April 2006. Dial-in details are: Russia dial-in: 810 800 2177 4011UK dial-in: 0870 737 9888US dial-in: 1866 9665335International dial-in for other countries: +44 20 3003 2663Participant code: 232150 Further information about Severstal is available at www.severstal.com This information is provided by RNS The company news service from the London Stock Exchange