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Statement regarding media speculation

5.02.2010

OAO Severstal (LSE: SVST; RTS: CHMF), one of the world’s leading steel and mining companies, with key assets in Russia, the US and Europe, notes media speculation that it is in negotiation to sell its European operations (Lucchini Group). 

The Company confirms that it continues to explore all options to ensure the most appropriate structure for the development of these operations, including a possible sale of its ownership interest in European assets to a strategic partner.

A further announcement will be made in due course.

IR contacts

Dmitry Druzhinin
Head of Investor Relations
Email
T: +7 (495) 926 7766 ext.6435
F: +7 (495) 150 8800

PR contacts

Olga Antonova
Head of Press Service
Email
T/f: +7 (495) 926 7766 ext.6447

HR contacts

Nelli Lebedeva
HR Department Manager
Email
T/f: +7 (495) 926 7766 ext.6457


Aishat Chekunova
HR Department Manager
Gold Segment
Email
T: +7 (495) 981 0910 ext.6681
F: +7 (495) 981 0918

CSR contacts

Natalia Poppel
Head of Corporate Social Responsibility Department
Email
T/f: +7 (495) 926 7766 ext.6449