OAO Severstal

Notice of AGM

OAO Severstal
26 April 2006


OAO Severstal

FOR IMMEDIATE RELEASE

April 26, 2006

Annual General Shareholders Meeting

1. Summary
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Cherepovets, Russia - The Board of Directors of OAO Severstal calls an Annual General Shareholders Meeting. The Meeting 
will take place on June 9th, 2006 at Palace of metallurgists (Dvoretz metallurgov), 41 Stalevarov Street, Cherepovets, 
Vologda region, Russia.
The registration of participants will start at 10:00 AM (Moscow time) June 9th, 2005. The beginning of the Meeting is 
scheduled on 12:00 AM (Moscow time) June 9th, 2005.
Voting bulletins will be preliminary sent to Shareholders and then could be completed, signed and returned to the 
following postal address: 162600, Russia, Vologda region, Cherepovets, Mira Street, 30 Central checkpoint building, 
office 311 until June 8th, 2006.

2. Record Date
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Record date was determined by the Board as April 21st, 2006. The shareholders of Severstal who stated in register on 
the record date are entitled to participate in the AGSM.

3. Agenda
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The Agenda of the AGSM were approved as follows:

1.       Electing of the Board of Directors of OAO Severstal

2.       Approval of the annual report and accounts

3.       Approval of dividend payment for the full year 2005

4.       Approval of the new revision of the Charter of OAO Severstal

5.       Approval of the interested party transaction (or several interconnected transactions) for delivering of rolled 
products between OAO Severstal (Seller) and Severstal Export GmbH (Switzerland) (Buyer) with limit of RUB 
50,000,000,000 (Fifty billion) Roubles

6.       Approval of the interested party transaction (or several interconnected transactions) for delivering of rolled 
steel products between OAO Severstal (Seller) and ZAO Severstal-metiz (Buyer) limited by the total value of RUB 
18,000,000,000 (Eighteen billion) Roubles

7.       Approval of the interested party transaction (or several interconnected transactions) for delivering of rolled 
steel products between OAO Severstal (Seller) and ZAO Izhorsky Tube Plant (Buyer) limited by the total value of RUB 
18,000,000,000 (Eighteen billion) Roubles

8.       Approval of the interested party transaction (or several interconnected transactions) to deposit free cash in 
currency of the Russian Federation and foreign currency between OAO Severstal (Depositor) and OAO Promstroibank (Bank) 
with the minimal annual rate of 0.5% and term not less than 1 day within the limits of RUB 65,000,000,000 (Sixty five 
billion) Roubles

9.       Approval of the interested party transaction (or several interconnected transactions) to deposit free cash in 
currency of the Russian Federation and foreign currency between OAO Severstal (Depositor) and OAO Metcombank (Bank) 
with the minimal annual rate of 0.5% and term not less than 1 day within the limits of RUB 50,000,000,000 (Fifty 
billion) Roubles

10.   Approval of the interested party transaction (or several interconnected transactions) to deposit free cash in 
currency of the Russian Federation and foreign currency between OAO Severstal (Depositor) and OAO Joint Stock Bank 
Russia (Bank) with the minimal annual rate of 0.5% and term not less than 1 day within the limits of RUB 15,000,000,000 
(Fifteen billion) Roubles

11.   Approval of the interested party transaction - Gas Supply Agreement for delivering of gasiform oxygen, nitrogen 
and argon between OAO Severstal (Buyer) and ZAO Air Liquide Severstal (Seller) with the term of 15 years from the date 
of putting into operation of air separation machine #11 within the limits of RUB 3,000,000,000 (Three billion) Roubles

12.   Approval of the interested party transaction - Additional Agreement to Gas Supply Agreement for delivering of 
gasiform oxygen, nitrogen and argon between OAO Severstal (Buyer) and ZAO Air Liquide Severstal (Seller) with the term 
of 15 years from the date of putting into operation of air separation machine #11 within the limits of RUB 
3,000,000,000 (Three billion) Roubles

13.   Electing of the auditing commission of OAO Severstal

14.   Appointing of the statutory auditor of OAO Severstal
The recommended amount of dividend payment in respect of 2005 is RUB 4.00 per share. The ex-dividend date is April 
21st, 2006. Recommended starting date for payments is June 10th, 2006.

Additional Information
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Further information is available on www.severstal.com




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