Statement re equity stake in Raspadskaya (6764P)

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RNS Number : 6764P

Evraz Group S.A.

06 October 2011

Statement Regarding Equity Stake in Raspadskaya

6 October 2011 - Further to its statement of 11 March 2011, EVRAZ Group S.A. (LSE:EVR) ("EVRAZ") announces that due to high market volatility EVRAZ has discontinued ongoing negotiations on the potential sale of its 40% indirect equity stake in the Russian Coal producer OAO Raspadskaya (RTS, MICEX: RASP).

"Raspadskaya is a good quality asset and one of the best coking coal producers in Russia", commented CEO of EVRAZ Alexander Frolov. "EVRAZ is fully supportive of the managing shareholders of Raspadskaya in the implementation of the Raspadskaya mine restoration programme and is confident that this programme will realise the full fair value of the asset. We consider the likelihood of us disposing of our stake in Raspadskaya over the next 12 to 18 months as low for the reasons already stated, although we do not rule out this possibility in the long term", he added.

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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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