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Evraz Increases its Stake in Highveld to 80.9%

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Evraz Increases its Stake in Highveld to 80.9%

September 28, 2007 – Further to its press release dated August 1, 2007, Evraz Group S.A. (LSE: EVR) (“Evraz”) announces that Evraz has executed the option to acquire the remaining Credit Suisse shares in Highveld Steel and Vanadium Corporation (“Highveld”). The consideration paid for the 24.9% stake is US$219 million.

Evraz now owns 80.9% of the entire issued share capital of Highveld.

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For further information:

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