EVRAZ Appoints Vice President of Major Projects (7017N)

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RNS Number : 7017N

Evraz Group S.A.

06 September 2011

EVRAZ Appoints Vice President of Major Projects

6 September 2011 - Evraz Group (LSE: EVR) ("EVRAZ" or the "Company") announces the creation of a new business unit which will incorporate all of its major investment projects. To this end, the Company introduces the new position of Vice President of Major Projects. The creation of this new role and unit will support Company's organic growth through the development of greenfield projects.

The new unit will be led by Marat Atnashev, and he will be responsible for the successful planning, management and completion of the Company's key greenfield construction projects. Major projects under his responsibility will include coal and iron ore exploration, and the construction of new rolling mills.

Mr. Atnashev joins EVRAZ from JSC Gazprom Neft, where he was a Director of major projects. Prior to that he spent 10 years at TNK Group (TNK BP since 2003), where he held a number of positions including Director and Vice President of Major Projects and Engineering at TNK BP; Executive Director of the Performance Unit Kamennoe; Deputy Director General, Finance at JSC "Udmurtneft"; and Head of Logistics Support Division at JSC TNK.

Mr. Atnashev graduated from the Moscow State University of Management, where he later earned a PhD in Economics. He also holds an MBA from INSEAD business school (France), and additionally graduated from Projects Academy at MIT, Boston, USA.

"I am confident that Mr. Atnashev's successful track record in major infrastructural projects will ensure both the further sustainable growth of the EVRAZ business, and the strengthening of our competitive edge," - commented EVRAZ Group CEO Alexander Frolov.

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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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