For Immediate Release Esmark Incorporated Comments on OAO Severstal Offer WHEELING, WV, May 30, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) announced today, in response to OAO Severstal’s unsolicited tender offer to acquire all outstanding shares of Esmark common stock for $17.00 per share, that the Esmark Board of Directors will examine and consider the Severstal offer, consistent with its fiduciary duties and the Company’s obligations under its memorandum of agreement with Essar Steel Holdings Limited. On or before June 13, 2008, Esmark will advise shareholders whether the Esmark Board recommends acceptance or rejection of the Severstal offer, expresses no opinion and...

For Immediate Release WHEELING, W.Va., May 23, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) confirmed today that the West Virginia Supreme Court of Appeals has denied the request of Massey Energy Company and its subsidiary Central West Virginia Energy Company (“CWVEC”) for appeal from the Brooke County, West Virginia judgment entered against them in favor of the Company’s subsidiary Wheeling-Pittsburgh Steel Corporation (“Wheeling-Pittsburgh”) and its coke plant joint venture and co-plaintiff Mountain State Carbon, LLC. The $219.85 million judgment was entered against Massey and CWVEC July 2, 2007 for the failure to deliver significant quantities of metallurgical coal and certain...

FOR IMMEDIATE RELEASE WHEELING, W.Va., May 23, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) today confirmed that its Wheeling Corrugating division will supply the steel decking requirements to construct the Pittsburgh Penguin’s new state of the art arena. This award involves approximately 1,000 tons of steel deck and accessory product, expected to be produced out of the Beech Bottom, W.Va., and Emporia, Va., facilities. Shipments are scheduled to begin in July. Chairman and CEO James P. Bouchard stated, “We are pleased to be part of the team constructing the Pittsburgh Penguins’ new home. This award, coupled with our recent award to...

May 21 2008, Financial Times, By Peter Marsh in London Severstal, Russia’s biggest steelmaker, has entered the battle to buy Esmark, a medium-sized US steel producer, underlining the continued enthusiasm for acquisitions in the sector. The Russian company yesterday said it was willing to buy Esmark for about $668m, or $17 a share. Esmark had already accepted a bid of the same value from Essar, the expansion-minded Indian steel company. Severstal hopes an agreement it has reached with the United Steelworkers union, representing workers at Esmark, will make its deal more acceptable to the company’s board and shareholders than the rival offer from Essar. The...

May 20, 2008, The Wall Street Journal, By ROBERT GUY MATTHEWS In what could escalate into a bidding war for troubled U.S. steel assets, Russia’s OAO Severstal is going after steelmaker Esmark Inc., offering $17 a share, or $1.1 billion, and the backing of the United Steelworkers, in an effort to beat out India’s Essar Steel. Essar’s earlier $17-a-share offer was rejected by the union. The latest all-cash bid pits two aggressive international steelmakers against each other as both try to gain strength in the lucrative U.S. market. Steel prices in the U.S. have been climbing and are poised to remain high,...