Notification of transfer of shares in Evraz Group S.A. by Crosland Global Limited, and related placement of Evraz’s GDRs with insititutional investors *
January 30, 2006 — Evraz Group S.A. (the Company, LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, announces that it has been notified today by Crosland Global Ltd. (the Transferor), its major shareholder, and BNY (Nominees) Limited (the Transferee), that the Transferor deposited with the Transferee, acting as custodian for The Bank of New York as depositary for the Company’s GDR facilities, 7,014,259 shares (the Deposited Shares), resulting in the issue of 21,042,777 global depository receipts (GDRs), representing approximately 6% of the Company’s issued share capital.
The Company understands that the transfer by Crosland Global Ltd. is pursuant to a placement of the GDRs to certain institutional investors that was completed on January 30, 2006 for a price of U.S. $18.50 per GDR. The Transferor is indirectly owned by, amongst others, Mr. Alexander Abramov, Mr. Alexander Frolov and Mr. Valery Khoroshkovsky. Mr. Khoroshkovsky is the Company’s Chief Executive Officer, and all three are members of its Board of Directors.
Acting on behalf of the Company, its Chief Executive Officer, Mr. Khoroshkovsky, has acknowledged and accepted the transfer of the Deposited Shares, and the Company has duly registered the transfer of the Deposited Shares in the register of Company’s shareholders.
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