Luxembourg, January 19, 2007 - Evraz Group S.A. (LSE: EVR) (the “Company”) announces that subsequent to the resolutions of the extraordinary general meeting of 18 January 2007, Evraz’s Board of Directors convened earlier today in London has resolved, inter alia, the following:
1. To delegate the daily management of the Company’s business to Alexander Frolov and appoint him as Chief Executive Officer of the Company. The Board has also confirmed Mr. Frolov’s position as the Chairman of the Board of Directors.
2. To appoint Dmitry Melnikov as the new Secretary of the Board effective immediately.
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