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Evraz Group announces interim dividend

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Evraz Group announces interim dividend

Luxembourg, November 25, 2005 — Evraz Group S. A. (LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, announces that on November 24, 2005 the Company's Board of Directors declared an interim dividend of US$1.65 per common share, or US$0.55 per GDR payable before December 08, 2005 to shareholders of record as of November 24, 2005.

Holders of the Company's GDRs may contact The Bank of New York as depositary for the related GDRs record date and payment date. This information will be published by The Bank of New York at www.adrbny.com.

Alexander Abramov, Chairman of Evraz Group, commented: "I am delighted that the Board has declared a dividend that reflects the company's strong first half year results".

The Company would like to inform that changing market conditions affect Company's operations and may have an adverse impact on Evraz's results for 2H 2005, as compared to 1H 2005.

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 (095) 232-13-70
IR@evraz.com
www.evraz.com

Merlin
Michael Rummel
Lachlan Johnston
Maria Suleymanova
Tel: +44 (207) 653-66-20
msuleymanova@merlinpr.com

The Depositary
The Bank of New York, tel.:+1 (212) 815-44-93
The Bank of New York, London branch, tel.: +44 (207) 964-63-55