Completion of redemption of convertible bonds (8243L)

TIDMEVR

RNS Number : 8243L

Evraz Group S.A.

05 August 2011

5 August 2011

COMPLETION OF REDEMPTION OF THE U.S.$$650,000,000 7.25 PER CENT. CONVERTIBLE BONDS DUE 2014 (ISIN XS0439721035) (THE "BONDS")

ISSUED BY EVRAZ GROUP S.A.

Evraz Group S.A., a public limited liability company (societe anonyme) incorporated under the laws of the Grand Duchy of Luxembourg with its registered office at 1, Allee Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Trade and Companies under number B 105615 (the "Company") announces that, further to its announcement on made on 5 July 2011, and pursuant to the terms and conditions of the Bonds (the "Conditions") as scheduled to the trust deed constituting the Bonds entered into on 13 July 2009 between the Company and BNY Mellon Corporate Trustee Services Limited, as trustee, all Bonds which remained outstanding on 4 August 2011 (the "Optional Redemption Date"), representing US$100,000 in aggregate principal amount, were redeemed on the Optional Redemption Date at their principal amount together with any accrued, but unpaid interest.

Prior to the Optional Redemption Date, Conversion Rights were exercised in respect of US$649,900,000 in aggregate principal amount of Bonds, resulting in the issuance of 30,771,756 GDRs, representing 10,257,252 newly issued ordinary shares of the Company. Accordingly, as of the date hereof the Company's share capital amounts to 156,214,373 ordinary shares, out of which 52,239,058 ordinary shares are represented in the form of 156,717,174 GDRs, with three GDRs representing an interest in one ordinary share of the Company.

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For further information:

Media contact: Oleg Kuzmin VP, Corporate Communications +7 495 937 6871 media@evraz.com

Investor contact: Alexander Boreyko Director, Investor Relations +7 495 232 1370 ir@evraz.com

EVRAZ GROUP S.A. (EVRAZ) is a vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. In 2010, the Company produced 16.3 million tonnes of crude steel and sold 15.5 million tonnes of steel rolled products. EVRAZ's internal consumption of iron ore and coking coal is covered by its mining operations. EVRAZ's consolidated revenues for the year ended 31 December 2010 were US$13,394 million and consolidated adjusted EBITDA amounted to US$2,350 million.

This information is provided by RNS

The company news service from the London Stock Exchange

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