Evraz Group S.A. announces terms of eurobond issue

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Evraz Group S.A. announces terms of eurobond issue

Moscow, November 4, 2005 – Evraz Group S.A. (LSE: EVR), one of the leading vertically- integrated steel production and mining businesses with operations mainly in Russia, today announces the terms for the placement of a new issue of US$750 million of Guaranteed Notes (“Notes”) due 2015. The Notes will carry a coupon of 8.25% and a yield of 8.5%.

The notes are to be issued by Evraz Group S.A., and guaranteed by Mastercroft Limited, a wholly owned subsidiary of Evraz Group S.A.It is intended that the Notes will be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's market for listed securities.

The net proceeds will be used to repay existing indebtedness, to pursue the acquisition of additional mining assets and for general corporate purposes.

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For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 095 232 1370

Michael Rummel
Lachlan Johnston
Maria Suleymanova
Tel: +44 207 653 6620