Moscow (ots/PRNewswire)

Alexei Mordashov does not intend to
increase his stake in Arcelor above 32%. Only if Arcelor shareholders
decide to carry out the buy-back of shares by Arcelor (OPRA) (Alexei
Mordashov will not take part in the decision and in the tendering of
shares so that all the money, distributed during the buy-back, would
entirely go to existing Arcelor shareholders) his stake might reach
approximately 38%. Mr. Mordashov has no plans to increase his stake
further.

For further clarification please contact:
    Marie Rouet +33-1-56-69-75-74
     severstal@edelman.com

Contact:

Marie Rouet +33-1-56-69-75-74, severstal@edelman.com