OREANDA-NEWS. October 17, 2012. Steel Capital S.A. announced today the successful closing and issuance of its USD 750,000,000 5.90% loan participation notes due 2022 (the "Notes") under its USD 3,000,000,000 Loan Participation Note Programme. The Notes have been issued for the sole purpose of financing a loan to Severstal. The Notes are expected to be admitted to trading on the Main Market of the London Stock Exchange on 18 October 2012.

The Issuer has on-lent the proceeds from the issue of the Notes to Severstal. Severstal intends to apply the borrowed funds primarily for general corporate purposes.


For further information, please contact:

Vladimir Zaluzhsky
Head of Investor Relations
Email: vladimir.zaluzhsky@severstal.com
Tel: +7 (495) 926 7766/67 ext. 6375

Elena Kovaleva
Head of External Communications
Email: ev.kovaleva@severstal.com
Tel: +7 (495) 926 7766/67 ext. 6447

DISCLAIMER

This announcement is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any states of the United States and the District of Columbia).  This announcement does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States of America. Securities may not be offered or sold in the United States of America or to, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The securities mentioned herein have not been, and will not be, registered under the Securities Act. There will be no public offering of securities in the United States of America.

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