OREANDA-NEWS. December 27, 2007.  Severstal announces the results of voting on the resolution proposed at the Extraordinary General Meeting held on 20 December 2007.

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 nine months of 2007 in the amount of 2.50 rubles per common share and per global depositary receipt ("GDR") payable before 18 February 2008 to shareholders on the share register record date of 14 November 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.