Quorum for conducting the meeting and approving the Board resolutions on items of the agenda is reached.

Voting results and resolutions taken by the Company's Board of directors:

1. Voting results: The resolution is taken by a majority vote of independent members of the Company's Board of directors, who are not interested in execution of these transactions.

The following resolution is taken: To approve the interested party transactions. Board of directors of OAO Severstal has resolved that the information on the terms of transactions and the persons representing the Parties, beneficiaries of these transactions shall not be disclosed and submitted before their completion.

2. Voting results: The resolution is taken by a majority vote of independent members of the Company's Board of directors, who are not interested in execution of these transactions.

The following resolution is taken: According to the article 77 of the Federal Law "On Joint Stock Companies" № 208 - FL dated December 26, 1995 (as amended), to determine that the price of disposed or acquired property (services) under abovementioned interested party transactions with estimated cash value is deemed to be a market value.

Date of the Board meeting, at which such a resolution has been approved by the joint-stock company: April 18, 2014.

Date of the Board meeting's Minutes of the joint-stock company, at which such a resolution has been approved: 18.04.2014, Minutes № 14−2014.


3. Signature


3.1 Corporate Secretary of OAO Severstal

acting on the basis of the Power of attorney

№ 1−978 dated 28.02.2014 A.I. Bobulich

3.2 Date: April 18, 2014


distributed by