28.06.2012
OAO Severstal, one of the world's leading steel and steel
related mining companies, announces that the following
resolutions were all passed at the AGM of the Shareholders
for the 2011 results held on June 28, 2012 in Cherepovets:
1.To elect OAO Severstal's Board of Directors composed of
the following: Alexey Mordashov, Mikhail Noskov, Sergei
Kuznetsov, Alexey Kulichenko, Alexander Grubman,
Christopher Clark, Ronald Freeman, Peter Kraljic, Martin
Angle, Rolf Stomberg.
2. Approval of the Annual Report and annual accounting
statements for 2011, including the profit and loss
statement.
3. a)To distribute the profits for the 2011 fiscal year by
paying a dividend of 3.56 rubles (approximately $0.11) per
share; b) To not distribute the remainder of the profits
for the fiscal year 2011.
4.To pay a dividend of 4.07 rubles (approximately $0.12)
per share in respect of the first three months of the
financial year to 31 March 2012.
5.To elect an Internal Audit Commission of OAO Severstal
composed of the following: Roman Antonov, Svetlana
Guseva, Nikolai Lavrov.
6.To approve ZAO KPMG (TIN 7702019950; principal
Registration Number of the Entry in the State Register of
Auditors and Audit Organisations: 10301000804) as OAO
Severstal's Auditor.
7. Approval of a potential interested party transaction - a
deposit placement with Sberbank of Russia for up to the
equivalent of 25 bln rubles (Note: Mr Ronald Freeman is a
Member of Severstal's Board and Sberbank's Supervisory
Board).
The dividends will be paid within 60 days from the date of
the AGM.
Enquiries:
Severstal Investor Relations
Vladimir Zaluzhsky
T: +7 495 926 7766
Severstal Public Relations
Elena Kovaleva
T: +7 (495) 926-77-66
Hudson Sandler (Financial Communications Adviser)
Andrew Hayes / Andrew Leach / Maria Ignatova / Alex Brennan
T: +44 (0) 20 7796 4133
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