RNS Number : 6522Z
22 July 2008
PRICING NOTIFICATION RELATING TO A DEBT ISSUANCE BY STEEL CAPITAL SA
The attached document (the 'Pricing Notification') sets forth certain important matters relating to the issuance by, but with limited recourse to, Steel Capital SA, a company incorporated under the laws of Luxembourg as a société anonyme, of US$1,250,000,000 9.75% Notes due 2013 for the sole purpose of financing a US$1,250,000,000 9.75% five-year loan to OAO Severstal.
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. Severstal owns mining assets in Russia, thus securing its supplies of raw materials. In 2007, Severstal produced 17.5 million tons of steel. Revenues were $15.2 billion and EBITDA was $3.7 billion. EPS was $1.92.
For further information:
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 540 7766
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