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OAO Severstal (SVST)

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Wednesday 01 October, 2008

OAO Severstal

Transaction in own securities

RNS Number : 7663E
OAO Severstal
01 October 2008


OAO Severstal ('Severstal') announces that on 30 September 2008, through its wholly owned subsidiary, Severstal Overseas Limited ('Severstal Overseas')it has purchased 210,091 of its global depositary receipts ('GDRs') representing interests in its ordinary shares on the London Stock Exchange at US$10.38 per GDR and 101,881 ordinary shares on the Moscow Interbank Currency Exchange at RUB 271.95 per share via Goldman Sachs International. One GDR represents an interest in one ordinary share.  The GDRs and ordinary shares will continue to be held by Severstal Overseas.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

For further information:


Dmitry Druzhinin, Investor Relations

Olga Antonova, Public Relations

+7 495 540 7766


Dominic Fry/Tom Murray

+44 207 353 4200

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