OREANDA-NEWS. June 27, 2008. The Annual General Meeting of Shareholders of OAO Severstal was held today. In the course of the voting number of resolutions were adopted, specifically:

To elect the Board of Directors of OAO Severstal composed of the following: Alexey Mordashov, Mikhail Noskov, Anatoly Kruchinin, Vadim Makhov, Christopher Clark, Ronald Freeman, Peter Kraljic, Martin Angle, Rolf Stomberg; Gregory Mason.

To approve the annual report and annual accounting statements, including profit and loss statement.
To distribute profit according to the fiscal year results. To pay dividends in the amount of Four (4) Rubles per one ordinary registered share, according to 2007 results. Form of dividend payment: bank transfer of funds. Commencement of the dividend payment: the day following the date of drawing up the voting results report. Dividend payment procedure: the dividends shall be remitted to shareholders by means of bank transfer to their bank accounts. Not to distribute profit received in 2007 which is not allocated for dividend payment.

To pay dividends according to 1Q 2008 results, in the amount of Five (5) Rubles 20 Kopecks per one ordinary registered share. Form of the dividend payment: bank transfer of funds. Commencement of the dividend payment: the day following the date of drawing up the voting results report. Dividend payment procedure: dividends shall be remitted to shareholders by means of bank transfer to their bank accounts.
To elect an Audit Commission of OAO Severstal composed of the following: Roman Antonov, Timur Bayazitov, Alexey Guryev.
To approve ZAO KPMG (TIN 7702019950; License for auditing activities: No. Е 003330, approved pursuant to the Ministry of Finance of Russian Federation Order as of January 17, 2003) as OAO Severstal Auditor.
To approve the new version of the OAO Severstal Charter.
To approve the new version of the Statute of OAO Severstal’s Board of Directors.
To make amendments to the resolution on setting the amount of remuneration and its payment to the members of the OAO Severstal Board of Directors for acting as members of OAO Severstal’s Board of Directors, adopted by the Special General Meeting of Shareholders of OAO Severstal held on December 15, 2006 (Minutes No. 5 as of December 15, 2006).