OREANDA-NEWS. On June 15, 2007 at Annual General Meeting the following resolutions were passed, reported the press-centre of  Severstal:

1.Elect A.A. Mordashov, M.V. Noskov, A.N. Kruchinin, V.A. Makhov, V.A. Shvetsov, Christopher Clark, Ronald Freeman, Peter Kraljic, Martin Angle, and Rolf Stomberg to the Board of Directors of OAO Severstal;

2.Approve the Annual Report, Annual Accounting Statements, including the Income Statement;

3.Allocate profit based on financial year results. Dividends for the 2006 results to be paid in the amount of five (5) rubles per one ordinary registered share. Profit based on 2006 results not earmarked for the payment of dividends for the 2006 results shall not be allocated;

4.Elect (appoint) Alexey Alexandrovich Mordashov,  Chief Executive Officer of OAO Severstal, for a period of three (3) years;

5.Approve  OAO Severstal Charter (new version));

6.Approve the Regulations for  OAO Severstal Board of Directors (new version);

7.Elect Roman Ivanovich Antonov, Alexei Igorevich Guryev, and Sergei Nikolayevich Fedoseyev to the OAO Severstal Inspection Commission;

8.Approve  CJSC "KPMG" as  OAO Severstal’s Auditor;

9.Approve the interested-party transaction (a number of interrelated transactions) between OAO Severstal and OAO Promishlenno-Stroitelniy Bank (Bank), PSRN 1027800000271 for the placement of temporarily surplus funds in deposit (deposits) in the RF currency and foreign currency at an interest rate of no less than 3 % per annum within the limits of the amount of One hundred fifty billion (150 000 000 000) rubles.