Valery Khoroshkovsky resigns as Evraz Group’s CEO

Date of publication: 11.12.2006

December 11, 2006 - Evraz Group S.A. (LSE: EVR) announces that Valery Khoroshkovsky has tendered his resignation as the délégué à la gestion journalière, or Chief Executive Officer of the Company, with immediate effect, because of his appointment as the First Deputy Secretary of the Security and Defence Council of the Republic of Ukraine.

The Board of Directors has recommended today that the extraordinary meeting of shareholders to be held on 18 January 2007 approve the resignation of Valery Khoroshkovsky and appointment of Alexander Frolov as the administrateur délégué, or Chief Executive Officer of the Company, with effect from 19 January 2007.

Alexander Frolov will keep his position as the Chairman of the Board of Directors.

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370

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