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Evraz commences a tender offer to buy out NTMK minority stake

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Evraz commences a tender offer to buy out NTMK minority stake

March 21, 2007 — Evraz Group S.A. (LSE: EVR) announces that its wholly owned subsidiary Mastercroft Limited commences a cash tender offer to purchase approximately 5% of the Nizhny Tagil Iron and Steel Plant (NTMK) outstanding shares.

At the moment Mastercroft Limited holds 94.997% of NTMK share capital, and is making an offer to NTMK’s minority shareholders to tender the remaining 5.003187% of NTMK’s outstanding common stock for a cash consideration of 63.72 roubles per share or an aggregate price of approximately 4.18 billion roubles.

The tender offer will be valid till May 29, 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