October 3, 2007

DEUTSCHE BANK AND SEVERSTAL HAVE SUPPORTED ROSTROPOVICH CELLO FOUNDATION

Moscow, 3 October 2007 - Deutsche Bank and Severstal have acted as partners of Mstislav Rostropovich Memorial Concert to take place in Frankfurt am Main on 4 October. The concert is organized by The Kronberg Academy which used to have long-standing relationship with the musician.

Joint efforts of Deutsche Bank and Severstal aimed at supporting the concert demonstrate continuation of their long-standing cooperation not only in the business area but in joint cultural and art projects as well. Cash funds allocated by the companies for this project will be transferred to Rostropovich Cello Foundation founded on Maestro Rostropovich’s initiative to support young cellists. The Foundation is managed by The Kronberg Academy.

Dr. Tessen von Heydebreck, Chairman of the Supervisory Board of Deutsche Bank Ltd. and President of the Board of the Deutsche Bank Foundation, said: “Besides doing business, Deutsche Bank is committed to sustainably contributing to culture and society, as an essential part of the Bank’s corporate identity. While continuing our more than 25 year tradition of supporting Russia’s arts and culture, we are delighted to contribute to the concert in memory of Maestro Rostropovich, a landmark event on the international music scene.”

According to Alexey Mordashov, General Director of Severstal, the Company was honored to have the opportunity to become a partner of Mstislav Rostropovich Memorial Concert. “We highly appreciate and respect the initiative of The Kronberg Academy as well as its activities to continue Maestro’s noble cause – teaching talented musicians in Rostropovich Cello Foundation. We are delighted that this particular event, cherished by the admirers of the great musician’s art in Russia as well as in Germany, allowed us to once again combine efforts with
our long-standing partner - Deutsche Bank".

Originally the concert was scheduled to celebrate the musician’s 80th anniversary, and Mstislav Rostropovich was supposed to participate in it personally. After Maestro passed away on 27 April 2007, this concert will become a tribute to the memory of the world-known musician and conductor.

Rostropovich Cello Foundation was founded in 1997 on the initiative of Mstislav Rostropovich in cooperation with The Kronberg Academy. The aim of the Foundation is to support and develop creative work of young talented cellists. By the decision of Mstislav Rostropovich the Foundation is managed by The Kronberg Academy and its Director Raimund Trenkler. For more
detailed information please visit the website of Kronberg Academy.
https://www.kronbergacademy.de


Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 75,140 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management and private wealth management. It has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.
Deutsche Bank Ltd. was established in April 1998 in Moscow and is a wholly-owned subsidiary of Deutsche Bank AG. Deutsche Bank Ltd. has become one of the leading foreign banks in Russia, providing local and international, corporate and private clients with a broad range of financial services, including corporate finance and advisory, sales, trading and transaction banking as well as private wealth management and asset management services. The Bank includes the largest Russian and multinational companies among its client base.

As of 1 July 2007, Deutsche Bank Ltd. had assets of Rb 41,552 mn and its capital was Rb 4,976 mn. Net income for the first six months of 2007 stood at Rb 51 mn (under Russian GAAP).
Deutsche Bank in Russia


OAO SeverStal is an international steel producer with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value-added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. SeverStal owns mining assets in Russia, thus securing its supplies of raw materials. In 2006 SeverStal produced 17.6 million tonnes of steel and had revenues of $12.4bn, PBT of $1.8bn and EPS of $1.27. In April 2007 the company had a market capitalisation of $13.6bn.

Severstal has invested around half a billion rubles in 2006 in charity programs aimed at preserving the historical and cultural heritage of Russia, enhancing the development of the country’s modern culture and providing support for sports and the protection of children. The company’s General Director Alexey Mordashov is a member of boards of trustees of Tretyakovskaya Gallery, the Bolshoi and the Mariinski theaters, the Russian Museum and he is also a member of the Patriarchal Board of Trustees for the restoration of Valaam monastery. www.severstal.com


Contact information:

Deutsche Bank
Olga Podoinitsyna
+7 (495) 797 5303
db.moscow@db.com

OAO SeverStal
Lada Astikas
+7 (495) 540 7766
astikas@severstalgroup.com



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