Result of Meeting

3 Sep 2007 07:35

OAO Severstal03 September 2007 SEVERSTAL For Immediate Release3 September 2007 Severstal board of directors resolutions: Severstal's Board of Directors, held on 30-31 August 2007, recommended adividend of 10.0 rubles per share and per global depositary receipt ("GDR") forthe half year of 2007 with the record date of 20 August 2007. Each GDRrepresents one share in the Company. Approval of the dividend payment is expected at the company's EGM on 28September 2007. Enquiries: Severstal +7 495 540 7766Dmitry Druzhinin, Investor RelationsOlga Antonova, Public Relations This information is provided by RNS The company news service from the London Stock Exchange