Evraz expresses condolences in relation to the tragedy at the Ulyanovskaya mine

Date of publication: 20.03.2007

March 20, 2007 — Evraz Group S. A. (LSE: EVR) («Evraz» or «the Company») would like to express its profound condolences to the families and relatives of miners who are victims of an explosion at the Ulyanovskaya coal mine. The Company’s employees share the sadness by this tragedy and mourn with all Kuzbass citizens.

We would like to express our sincere condolences to the family of our colleague from IMC, an international consultancy firm, who also died in the explosion.

Evraz supports management of Yuzhkuzbassugol in offering assistance to the authorities in the investigation process. Evraz is fully cooperating with the management of Yuzhkuzbassugol in providing financial and social support for the families of the victims.

«We express our profound and sincere condolences to the families, friends and relatives of our deceased and injured colleagues, — Alexander Frolov, Evraz’s Chairman and CEO, said. — Evraz supports the decisions by Yuzhkuzbassugol management to assist the families of the victims. Evraz employees have also expressed their desire to do what they can to help families of the deceased and injured miners, as well as to help mitigate the consequences of the accident».

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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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