OREANDA-NEWS. PAO “Severstal” (the “Company”) announces full scheduled redemption of the outstanding loan participation notes due 2016 (ISIN: XS0648402583, US85805RAA68) in total nominal value of US $255,118,000 on 26 July 2016. As a result, the obligations towards the noteholders of the relevant issue have been fully discharged.

The loan participation notes in the total amount of US $500,000,000 with the coupon rate of 6.25% p.a. and maturing in 5 years were issued by Steel Capital S.A in 2011for financing loans to the Company.