Transaction in own securities

25 Sep 2008 07:00



OAO Severstal

TRANSACTION IN OWN SECURITIES

OAO Severstal ("Severstal") announces that on 24 September 2008, through its wholly owned subsidiary, Severstal Overseas Limited ("Severstal Overseas"), it has purchased 169,909 of its global depositary receipts ("GDRs") representing interests in its ordinary shares on the London Stock Exchange at US$13.10 per GDR via Goldman Sachs International. One GDR represents an interest in one ordinary share. The GDRs will continue to be held by Severstal Overseas.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

For further information:

Severstal

Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

+7 495 540 7766

Tulchan

Dominic Fry/Tom Murray

+44 207 353 4200