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OAO Severstal (SVST)

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Monday 08 January, 2007

OAO Severstal

Director/PDMR Shareholding

OAO Severstal
08 January 2007


                                    SEVERSTAL

Mira str. 30, RU-162600, Cherepovets, Vologda region, Russia
Phone: +7 (8202) 53 14 18, fax: +7 (8202) 53 12 56, www.severstal.com

8 January 2007

For Immediate Release

         Independent non-executive directors bought shares of Severstal


OAO Severstal (LSE: SVST) announces that Mr. Chris Clark, the Non-executive
Chairman of the Board, bought 20,000 GDRs of Severstal at a market price on
January 4th, 2007. Mr. Ron Freeman, the Non-executive Independent Director,
bought 10,000 GDRs of Severstal at a market price on January 5th, 2007.


OAO Severstal have disclosed this information following its corporate policy of
maximum transparency and the best market practices.


Enquiries:

Severstal

Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations

+7 495 540 7766


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