OREANDA-NEWS. The following resolution was put to Severstal’s shareholders on a poll at the Extraordinary General Meeting, and the results of voting were as follows: To approve the dividends for the first half of 2007 in the amount of 10 rubles per common share and per global depositary receipt (“GDR”) payable before 28 November 2007 to shareholders on the share register record date of 20 August 2007.

Holders of the Company's GDRs may contact Deutsche Bank Trust Company Americas as depositary for the related GDRs record date and payment date.