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Evraz Group S.A announces extension of the offer period relating to the offer to acquire shares in Highveld Steel and Vanadium Corporation Limited

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Evraz Group S.A announces extension of the offer period relating to the offer to acquire shares in Highveld Steel and Vanadium Corporation Limited

Shareholders of Highveld Steel and Vanadium Corporation Limited ("Highveld") are referred to the announcement dated 4 June 2007 and the circular to shareholders of Highveld dated 4 June 2007 ("circular") relating to the offer by Evraz Group S.A to acquire the entire issued share capital of Highveld, other than those Highveld shares currently held by Evraz, for a consideration of US$11.40 per Highveld share ("offer").

In terms of the circular, the offer opened on 4 June 2007 at 09h00 (SA time) and was due to close today at 17h00 (SA time). Evraz advises shareholders of Highveld that the offer is hereby extended and that the offer will remain open for acceptances until such date as may be announced by Evraz in a further notice to be published.

As at 3 July 2007, shareholders holding a total of 57 647 Highveld shares had accepted the offer.

The offer is not being made, directly or indirectly, in or into the United States, Australia, Canada and Japan, and any jurisdiction where the offer would or might constitute a violation of the laws of such jurisdiction ("restricted jurisdiction"), or by use of the United States (or any restricted jurisdiction) mails, or by any means or instrumentality (including, without limitation, the post, facsimile transmission, telex and telephone or electronic transmission by way of the internet or otherwise) of interstate or foreign commerce of the United States (or any restricted jurisdiction), or of any facility of a securities exchange of the United States (or any restricted jurisdiction). The offer cannot be accepted by any such use, means or instrumentality or from within the United States (or any restricted jurisdiction). No US person (or any person resident or located within a restricted jurisdiction), and no person acting for the account or benefit of any US person (or any person resident or located within a restricted jurisdiction) shall be permitted to accept the offer. This communication is not an extension of the offer in the United States (or any restricted jurisdiction).

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 495 232 1370
IR@evraz.com