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Evraz Group releases 2005 trading update

Date of publication: 17.01.2006

January 17, 2006 — Evraz Group S. A. (LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, today released its 2005 trading update*.

Product4Q 2005 thousand tonnes4Q 2005/4Q 2004 change, %2005, thousand tonnes2005 / 2004 change, %
Steel division
Pig iron2,959-1.4%11,457-0.9%
Steel3,639+5.1%13,852+1.2%
Rolled products13,239+3.7%12,226+0.6%
Mining division2
Iron ore (saleable products)
Concentrate598-8.7%2,709+10.2%
Sinter2,045-11.9%8,778+11.2%
Pellets1,410-2.7%5,180+56.2%
Coal (mined)
Coking coal190n/a538n/a
Steam coal13n/a50n/a
Equity investments3
Coking coal (Raspadskaya)1,648-14.1%6,395n/a
Coking and steam coal (Yuzhkuzbassugol)4,731n/a17,085n/a

* — All information on production volumes of the enterprises presented in the press release concerns only the period of their operation within Evraz Group except data for Yuzhkuzbassugol and Raspadskaya Mine, which are full year production volumes.

1 — Operational results of Palini & Bertoli are consolidated into the Group since September 2005. Operational results of Vitkovice Steel are consolidated since December 2005. The total volume of rolled steel products excludes those re-rolled at other Group’s plants. These volumes are eliminated as intercompany sales for purposes of Evraz consolidated operating results.

2 — Operational results of Evrazruda are consolidated for the full 12 month periods of the years 2005 and 2004. Operational results of Kachkanarsky GOK are consolidated since June 2004. Mine 12 operational results are consolidated into the Group since April 2005.

3 — Evraz Group holds a 47.8% effective interest in Raspadskaya Mine and 50% interest in Yuzhkuzbassugol.

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For further information:
Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com
www.evraz.com


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