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EVRAZ Repays Vnesheconombank Loan Using 5-year Credit Facility from Gazprombank

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EVRAZ Repays Vnesheconombank Loan Using 5-year Credit Facility from Gazprombank

27 May 2010 – EVRAZ Group (LSE: EVR) ("EVRAZ" or the "Company") announces that it has fully repaid a US$1,007 million loan to Russia's State Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank” (VEB). This transaction was announced at the time of the release of the 2009 Full Year financial results in March 2010 and is in line with the Company’s refinancing plan to term out the Group’s short-term debt.

The VEB loan was due to mature in five quarterly installments of US$201.3 million each, starting from May 2010. For the purpose of the VEB loan repayment, EVRAZ utilised a US$950 million loan from Gazprombank, which will mature in May 2015.

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For further information:

Media contact:
Alex Agoureev
VP, Public Relations
+7 985 122 4822
media@evraz.com

Investor contact:
Director, Investor Relations
Alexander Boreyko
Tel: +7 495 232 1370
IR@evraz.com