Resolutions of the Annual General Meeting
LUXEMBOURG, June 20, 2007 - Evraz Group S.A. (LSE: EVR) announces that all resolutions proposed to the shareholders were duly passed at the Annual General Meeting held on Wednesday, June 20, 2007, including, inter alia, the following:
1. Approval of the reports of the Board of Directors and of the auditor on the accounts as per December 31, 2006 and of the decision for allocation of the profit, which for the period ending on December 31, 2006 amounts to
- To distribute annual dividends to the holders of record of shares in the share register of the Company as of June 6, 2007 in proportion to their participation in the share capital of the Company, provided that (1) the dividend per 1 GDR shall be Euro equivalent of USD 1.10 (one US dollar and ten cents) and (2) the dividend per 1 share in the Company shall be Euro equivalent of USD 3.30 (three US dollars and thirty cents).
- The total amount shall be calculated per the official exchange rate set out by the Central Bank of Luxembourg as of May 23, 2007. The dividends shall be paid by September 2007 at the latest. Payment of the dividends to the GDRs holders shall be made by The Bank of New York as custodian.
2. Statutory elections:
2.1. To re-elect the following directors for a period ending immediately after the approval of the annual accounts of the Company for the year ending on December 31, 2007:
- Mr. Alexander Abramov
- Mr. Otari Arshba
- Mr. Alexander Frolov
- Mr. James Campbell
- Mr. Philippe Delaunois
- Ms. Olga Pokrovskaya
- Mr. Terry Robinson
- Mr. Eugene Shvidler
- Mr. Eugene Tenenbaum
2.2. To elect Ms. Alexandra Trunova as statutory auditor of the Company for a period ending immediately after the approval of the annual accounts of the Company for the year ending on December 31, 2007.
2.3. To elect Ernst & Young, a company having its registered office at 7, Parc d'Activite Syrdall, L-5365 Munsbach as external auditor of the Company for a period ending immediately after the approval of the annual accounts of the Company for the year ending on December 31, 2007.
3. Authorisation to the Board of Directors to delegate the daily management of the Company's business and to appoint Mr. Alexander V. Frolov as managing director (administrateur-delegue/CEO) of the Company with the mandate expiring on the date of approval by the annual shareholders meeting of the Company's accounts for the year ending on December 31, 2007.
Copies of the resolutions passed (other than resolutions concerning ordinary business) will be submitted to the UKLA for publication through its Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
London E14 5HS
Tel. 020 7066 1000
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For further information:
Corporate Affairs and Investor Relations
Tel: +7 495 232 1370