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Severstal

February 7, 2005

On Feb., 9 - 11 2005, JSC "Severstal" will hold a series of meetings with investors in London within the framework of the annual action organized by UFG and intended for discussion of the opportunities of investments into the Russian share market

In total, it is supposed to hold about 25 meetings with the leading investment funds. The presentation to be enounced at the meetings, contains the preliminary non-audited figures as of Dec. 31, 2004 of the financial statements made in conformity with the international standards.

For the specified period, the volume of steel produced by JSC "Severstal" reached 12.8 mln.tons, of which 10.4 mln.tons were made by Cherepovets Iron & Steel Works (Russia) and 2.4 mln.tons - by Severstal North America (City of Dearborn, Michigan, USA).

The preliminary estimation of the company's sales in 2004 has made US$ 6,415 mln., which is twice higher as compared to that of the year of 2003 (US$ 3,202 mln.).

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