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Evraz purchases a stake in Highveld from Credit Suisse

Date of publication: 01.08.2007

August 1, 2007 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that the Board of Directors has approved the purchase of a 24.9% stake in Highveld Steel and Vanadium Corporation ("Highveld") from Credit Suisse International for an amount of up to US$219 million, thus exercising an option to increase Evraz's stake in Highveld pursuant to an earlier agreement. The option is to be executed before October 1, 2007.

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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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