Evraz Group declares 2005 final dividend

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Evraz Group declares 2005 final dividend

May 23, 2006 — Evraz Group S. A. (LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, announces that the Company's Board of Directors has recommended that the annual general meeting of shareholders to be held on June 20, 2006, approve a final dividend of US$1.35 per common share, or US$0.45 per GDR, in respect of the year ended December 31, 2005, payable to shareholders on the share register record date of June 20, 2006. When added to the interim dividend this will make a total dividend for the year of US$3.0 per common share, or US$1.0 per GDR.

Commenting, Alexander Frolov, Chairman of the Board, said, "The Board and the management are confident of Company's prospects and remain committed to the declared dividend policy".

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370