EVRAZ

The Company’s subscribed share capital is fixed at two hundred and ninety one million nine hundred and fourteen thousand two hundred and forty two euros (€291,914,242) represented by one hundred and forty five million nine hundred and fifty seven thousand one hundred and twenty one (145,957,121) ordinary shares with a nominal value of two euros (€2) each.

All shares have the same rights and are equal. The Company, as of 31 December 2009, does not have any other class of shares, either authorised or outstanding, nor are any of the Company’s shares party to any cross shareholding arrangements. The Company held no Treasury shares as of 31 December 2009.

Global Depositary Receipts (GDRs), valued on the basis of one GDR equating to one third of one ordinary share, are listed on the London Stock Exchange. GDRs, as of 31 December 2009, represented 28.76% of the Company’s issued share capital.

In 2009, the Company issued convertible bonds. Evraz’s controlling shareholder Lanebrook (together with an affiliate) subscribed for US$200 million of convertible bonds. The remaining bonds were acquired by more than 100 international investors. The bonds can be converted into the Company’s global depositary receipts (GDRs) at the option of bondholders with effect from 11 September 2009 till 6 July 2014.

In 2005-2009, the Company had incentive plans (the Evraz Stock Option Plans) under which certain members of the Board of Directors, senior executives and employees could acquire shares in Evraz Group S.A. At present there are no valid stock option plans in the Company.

Shareholder structure

Shareholder	% of shares (as of December 31, 2009)
Lanebrook Limited	71.24%
BNY (Nominees) Limited*,	28.76%**
including shares owned by Lanebrook     Limited in the form of GDRs	1.15%
TOTAL (145,957,121 shares)	100%

^* The Bank of New York Mellon serves as Depositary for the Company's GDR programme

^** 1 share is represented by 3 GDRs 

Major Shareholders (as of June 30, 2010)

Lanebrook Limited has informed the Company that Lanebrook is controlled by Greenleas International Holdings Limited and Crosland Global Limited. Mr Alexander Abramov, Evraz's Chairman of the Board of Directors, has a beneficial interest in 66.7% of Crosland Global Limited (which represents a 24.15% beneficial interest in the Company) and Mr Alexander Frolov, Evraz's Chief Executive Officer and member of the Board of Directors, has a beneficial interest in 33.3% of Crosland Global Limited (which represents a 12.05% beneficial interest in the Company). Crosland Global Limited has a beneficial interest in 50% of Lanebrook (which represents a 36.20% beneficial interest in the Company). Mr Shvidler, a non-executive director, has a beneficial interest in approximately 3.43 % of the outstanding shares of Evraz through an indirect interest in Lanebrook.

None of the Company's current shareholders has voting rights which differ from those of any other holders of the Company's shares.

Note:

• Evraz's management is not aware of the existence of any stake exceeding 5% in except for those that are reported.
• This information is based on a variety of sources and accurate to the best of our knowledge.

Changes to Evraz Group's issued share capital

Date	Issued, shares	Total number of shares	Notes
December 31, 2005		116 904 326
	595 280	117 499 606	Employee stock option plan
December 31, 2006		117 499 606
	810 047	118 309 653	Employee stock option plan
December 31, 2007		118 309 653
September 9, 2008	4 195 150	122 504 803	Acquisition of Ukrainian assets
December 31, 2008		122 504 803
February 2009	9 755 347	132 260 150	Partial scrip (2008 interim) dividend
July 2009	6 363 638	138 623 788	Equity offering (incl. over-allotment)
August 12, 2009	7 333 333	145 957 121	In favour of Lanebrook (under equity and convertible bond offerings)
December 31, 2009		145 957 121

Directors’ Interests

Mr Alexander Abramov, Chairman of Evraz Group, has a 24.15% beneficial interest in the Company and Mr Alexander Frolov, Chief Executive of Evraz Group, has a 12.05% beneficial interest in the Company. Mr Shvidler, a non-executive director, has a beneficial interest in approximately 3.43% of the Company’s outstanding shares.

Share Ownership by Senior Management

As of 1 April 2010, the following senior managers had beneficial interests in Evraz stock held as GDRs*:

Name	Total holding, GDRs
Leonid Kachur	915,450
Pavel Tatyanin	89,475
Timur Yanbukhtin	42,300

* Including GDRs awarded under the Company’s stock option plans