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Evraz is going to make a tender offer to buy out NTMK minority stakes

Date of publication: 01.03.2007

March 1, 2007 – Evraz Group S.A. (LSE: EVR) (“Evraz”) announces that its wholly owned subsidiary Mastercroft Limited submitted today to the Federal Service on Financial Markets (FSFM) a voluntary tender offer statement to purchase all outstanding shares of Evraz’s Russian subsidiary NTMK.

FSFM is to approve the offer within 15 days. Following the approval, Mastercroft Limited which at the moment holds 94.997% of NTMK share capital, is going to make an offer to NTMK’s minority shareholders to tender the remaining 5.003187% of NTMK’s outstanding shares. The details of the offer will be published after the FSFM approval.

Once commenced, the tender offer will be valid for 70 days starting on the day following receipt of the tender offer statement by NTMK.

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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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