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Statement re press speculation

Date of publication: 31.05.2006

May 31, 2006 — Evraz Group S.A. (LSE: EVR) notes the recent press speculation and announces that its Board of Directors has today been informed about negotiations regarding a potential purchase by Millhouse Capital of a substantial interest in Evraz from an entity owned by its principal beneficial shareholders.

The Company has been informed that no binding agreement has been reached to date as to the terms of the transaction.

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 (495) 232-13-70
IR@evraz.com
www.evraz.com


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