OAO Severstal SVST Transfer of securities

  OAO Severstal (SVST) - Transfer of securities

RNS Number : 7647R
OAO Severstal
22 November 2012

                                OAO SEVERSTAL


                            Transfer of Securities

November 22, 2012, Moscow, Russia - Holdgrove Limited ("Holdgrove"), a private
company limited by shares, established under the laws of Cyprus, being an
indirect subsidiary of OAO Severstal ("Severstal", the "Company") (LSE: SVST;
MICEX-RTS: CHMF), has acquired 25 153084 Global Depositary Receipts ("GDRs")
listed on the London Stock Exchange, each representing one ordinary share of
Severstal ("Share") and has also acquired 1 945 234 Shares ("Shares" jointly
with GDRs the "Securities").

The Securities have been acquired by way of contribution to the share capital
of Holdgrove by Lybica Holding B.V. ("Lybica"), a limited liability company
established under the laws of the Netherlands, and Severstal CYBB Limited
("CYBB"), a private company limited by shares, established under the laws of
Cyprus. Both Lybica and CYBB are the indirect subsidiaries of Severstal.

The transfers of Securitieshave been performed in connection with the
placement of US$475 million senior unsecured convertible bonds due 24
September 2017 and issued by Holdgrove, aswas announced by Severstal on 24
September 2012


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


MSCDLLBLLFFBFBF -0- Nov/22/2012 07:07 GMT
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