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Results of Evraz's Offer to Acquire Highveld Shares

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Results of Evraz's Offer to Acquire Highveld Shares

August 7, 2007 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that the offer made by Evraz on 4 June 2007 to acquire the entire issued share capital of Highveld Steel and Vanadium Corporation Limited ("Highveld"), other than those shares currently held by Evraz, for a consideration of ZAR 93 ("offer") closed at 17h00 (SA time) on 6 August 2007.

Evraz confirms that as at the close of the offer, it had received acceptances in respect of 1,879,070 Highveld shares representing 1.89% of the entire issued share capital of Highveld. In aggregate, Evraz confirms that it now holds 55,534,182 Highveld shares, representing 56.01% of the entire issued share capital of Highveld.

After the execution of the option to acquire the 24.9% stake in Highveld from Credit Suisse International, Evraz will hold 80,222,058 Highveld shares, representing 80.9% of the entire issued share capital of Highveld. The option is to be executed before 1 October 2007.

The offer is not being made, directly or indirectly, in or into the United States, Australia, Canada and Japan, and any jurisdiction where the offer would or might constitute a violation of the laws of such jurisdiction ("restricted jurisdiction"), or by use of the United States (or any restricted jurisdiction) mails, or by any means or instrumentality (including, without limitation, the post, facsimile transmission, telex and telephone or electronic transmission by way of the internet or otherwise) of interstate or foreign commerce of the United States (or any restricted jurisdiction), or of any facility of a securities exchange of the United States (or any restricted jurisdiction). The offer cannot be accepted by any such use, means or instrumentality or from within the United States (or any restricted jurisdiction). No US person (or any person resident or located within a restricted jurisdiction), and no person acting for the account or benefit of any US person (or any person resident or located within a restricted jurisdiction) shall be permitted to accept the offer. This communication is not an extension of the offer in the United States (or any restricted jurisdiction).



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For further information:

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