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Statement re. Yubileinaya mine accident

Date of publication: 24.05.2007
May 24, 2007 – Evraz Group S.A. (LSE: EVR) expresses its profound condolences to the families and relatives of miners who are victims of an explosion at the Yubileinaya coal mine, a part of Yuzhkuzbassugol.

Evraz is fully cooperating with the management of Yuzhkuzbassugol in providing financial and social support for the families of the victims.

Evraz will review its strategy regarding the equity investment in Yuzhkuzbassugol to ensure continuous value creation for Evraz shareholders. Evraz will also consider all possible steps and actions to decrease the level of technological and operational risks of 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


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