Ronald Freeman purchased Seve

24 Jul 2008 11:36

MR. RONALD FREEMAN, INDEPENDENT DIRECTOR, PURCHASED

OAO SEVERSTAL EUROBONDS

On July 22, 2008 Mr. Ronald Freeman, Independent Director, purchased OAO Severstal 5 year Eurobonds with a face value of $1 million at market price.

About Severstal:

OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. Severstal owns mining assets in Russia, thus securing its supplies of raw materials. In 2007, Severstal produced 17.5 million tons of steel. Revenues were $15.2 billion and EBITDA was $3.7 billion. EPS was $1.92.

For further information:

Severstal

Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

+7 495 540 7766