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Bruno Bolfo Resigns from Evraz’s Board

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Bruno Bolfo Resigns from Evraz’s Board

October 23,2006 —Evraz Group S.A. (LSE: EVR) announces that Bruno Bolfo has tendered his resignation as a member of the Board of Directors of the Company. He will also thereupon cease to be a member of the Company's Audit Committee.

On 20 October 2006, Bruno Bolfo notified the Company of his resignation from the Board with immediate effect due to a conflict of interests arising out of a proposed joint venture agreement between Duferco, a steel trader and producer, and steel making company NLMK. Mr. Bolfo is the owner and Chairman of the Board of Directors of Duferco.

Bruno Bolfo had been a member of Evraz’s Board since 9 August 2006 following his election by the extraordinary general meeting of shareholders in July 2006.

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina

Tel: +7 (495) 232-13-70
IR@evraz.com