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Statement Regarding Timir Iron Ore Project

Date of publication: 26.09.2011

26 September 2011 – EVRAZ Group S.A. (LSE:EVR) ("EVRAZ") notes media publications regarding the partnership with Russian diamond producer OAO Alrosa in the development of Timir iron ore project in southern Yakutia. EVRAZ confirms that it considers acquisition of 51% stake in this project and will refrain from further comments unless a binding course of action is defined.

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For further information:

Media contact:
Oleg Kuzmin
VP, Corporate Communications
+7 495 937 6871
media@evraz.com

Investor contact:
Alexander Boreyko
Director, Investor Relations
+7 495 232 1370
ir@evraz.com



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