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Evraz receives Vnesheconombank loans

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Evraz receives Vnesheconombank loans

November 27, 2008 – Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces signing of a US$1,006.5 million loan with Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).

The first tranche in the amount of US$201.3 million was used to refinance the Company's short-term debt.

VEB approved credit lines for Evraz to refinance the Company’s indebtedness under the syndicated loans in the amount of US$1,006.6 million and US$800 million.

For further information:

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