Changes to European senior management team

The Board of Lucchini Group, the European segment of Severstal International have announced that they have approved the nomination of Marcello Calcagni to become Chief Executive Officer of Lucchini Group, with effect from January 1, 2010. Marcello Calcagni joined Lucchini Group as Director of the Piombino Business Unit in 2006. In September 2009 he was promoted to Chief Operating Officer of the Lucchini Group. Prior to joining Lucchini Group, Mr. Calcagni held senior management positions at Tristeel, Duferco Clabecq , Duferco La-Louvière, and Ilva. Marcello graduated from the Polytechnic University of Bari.

Hervé Kerbrat, currently Chief Executive Officer will stay in his current role until the end of December to ensure a smooth transition.

Sergei Kuznetsov, Chief Executive Officer of Severstal International, commented: "On behalf of Lucchini Board and senior management of OAO Severstal I would like to thank Hervé for his hard work, dedication and remarkable contribution to success of the Lucchini Group and wish him well for the future. Marcello has extensive industry experience and I am confident that his knowledge and expertise will help our European operations achieve superior position in the market by offering best in class products and services while striving for cost leadership”.

Based on Severstal press-service