OAO Severstal SVST Board recommends dividend payment for Q3 2012

  OAO Severstal (SVST) - Board recommends dividend payment for Q3 2012

RNS Number : 0077R
OAO Severstal
13 November 2012






                                OAO SEVERSTAL



   The Board recommends Dividend payment for 9 months to 30 September 2012





Moscow, Russia - November 13, 2012 - The Board of Directors of OAO Severstal
('the Company') (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading
vertically integrated steel and steel-related mining companies, is
recommending a dividend of 3.18 rubles (approximately $0.10) per share for the
nine months to 30 September 2012.



Approval of the dividend is expected at the Company's EGM that, as announced
on 30 October 2012, will take place on 20 December 2012. The record date for
both participation in the EGM and for dividend payments for the 9 months ended
30 September 2012 was 9 November 2012.



Enquiries:



Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 495926 7766



Severstal Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66



Hudson Sandler (Financial Communications Adviser)

Andrew Hayes / Andrew Leach / Maria Ignatova

T: +44 (0) 20 7796 4133







                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


DIVGGGMGGUPPGPW -0- Nov/13/2012 12:19 GMT
 
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