Evraz signs $500 mln credit with Gazpombank (6274Q)

TIDMEVR

RNS Number : 6274Q

Evraz Group S.A.

21 October 2011

EVRAZ SIGNS US$500 MILLION CREDIT FACILITY WITH GAZPROMBANK

21 October 2011 - EVRAZ Group S.A. (LSE: EVR) ("EVRAZ") announces that its wholly-owned Russian subsidiary EVRAZ NTMK has signed an unsecured 5-year US$500 million credit facility agreement with Gazprombank (Open Joint-stock Company), a major Russian commercial bank.

As a condition precedent to borrowing the new loan, EVRAZ NTMK will prepay the existing US$300 million secured loan that was borrowed in May 2010. The new loan will be utilised for financing operating activities.

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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, the USA, Canada, the 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. The Company was ranked the 20(th) largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. 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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