OREANDA-NEWS. September 03, 2007. Severstal's Board of Directors, held on 30-31 August 2007, recommended a dividend of 10.0 rubles per share and per global depositary receipt ("GDR") for the half year of 2007 with the record date of 20 August 2007, reported the press-centre of Severstal.

Each GDR represents one share in the Company.

Approval of the dividend payment is expected at the company’s EGM on 28 September 2007.