Citibank N.A.

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Severstal Extends Tender Offer for Shares of Esmark Incorporated

July 20th, 2008

…  to purchase all outstanding shares of Esmark Incorporated (Nasdaq: ESMK; “Esmark”), at an offer price of $19.25 per share, to 10:00 a.m., …  tender offer. Merrill Lynch is the Dealer Manager and Citibank, N.A. is the Depositary for the tender offer. Skadden, Arps, Slate, …