Корпоративное действие действие CREW GOLD CORP — remote on Norway — a meeting of holders

Event details
New information dated 03/05/10: withdrawal.

Russian steel maker severstal has informed that it will no longer be making a tender offer for the shares in crew gold corp through its subsidiary Bluecone Limited.

Subsequently the offer for CREW GOLD CORP. By bluecone has been withdrawn.

( Bluecone ), a subsidiary of OAO Severstal ( Severstal ), today announced that it acquired 145,322,919 common shares of crew gold corporation at a price of nok 1.10 per share on 25/02/2010

Following this transaction, bluecone will have ownership and control over 568,524,160 common shares, representing approximately 26.59pct of the issued and outstanding common shares as at the date hereof and Bluecone has therefore determined that it would be appropriate to make a formal offer to purchase any common shares that Bluecone does not currently own at a price of nok 1.10 per share pursuant to canadian offer rules. k 1.10 per share.

Details of the formal offer are expected to be announced within 2 weeks from 25/02/2010.

This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction. It is not, and should not be construed or treated as, investment or financial advice. in providing this information, Euroclear Bank is not acting as agent of the issuer. by sending an instruction, you confirm to Euroclear Bank that you (and any beneficial owner(s) for whom you act) comply with the terms and conditions of the offer.