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OAO Severstal (SVST)

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Friday 16 February, 2007

OAO Severstal

Investor Day

OAO Severstal
16 February 2007

For Immediate Release                           16 February 2007


OAO Severstal ('Severstal') is today hosting an analyst and investor morning in
London focusing on strategy and corporate governance.

The programme will commence with Severstal's view of the global and Russian
steel industry environment and an overview of Severstal's business, market
positioning and strategic focus to be given by Alexey Mordashov, CEO and Mikhail
Noskov, CFO.

This will be followed by an update to be given by Chris Clark, independent
non-executive Chairman, on the corporate governance arrangements put in place by
Severstal to comply with the key elements of the UK Combined Code.

Copies of the presentations will be available on the company's web site from today.

No update on current trading or any price sensitive information that is not
currently in the public domain will be given as part of the Investor Day.

Severstal also announces today that it has appointed Citigroup as its corporate
broker with immediate effect.


Severstal                                        +7 495 540 7766

Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

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