Derivatives: Possible adjustment due to a dividend in OAO Severstal (6/07)


The following Notice is based on information from Deutsche Bank as the Issuer of OAO Severstal DRs.

Deutsche Bank has announced that the day of record for a proposed dividend is 29 August 2007 with the rate to be announced in the future. The London Stock Exchange has declared that OAO Severstal DRs will trade ex-dividend on the International Order Book from Friday 24 August 2007.

In accordance with Rules and Regulations for Derivatives.4.47.3.6.3, as detailed in attached document, trading shall be suspended in OAO Severstal derivatives for the duration of the Ex Day (24 August 2007) in order to establish whether a recalculation should be made.

Attachments

wkr0001.pdf wkr0011.pdf