CHANGE IN THE MANAGEMENT OF FINANCIAL DIVISION

23.7.2007

CHANGE IN THE MANAGEMENT OF FINANCIAL DIVISION

OSTRAVA 23.7.2007 – To a position of a financial director of the Evraz Vítkovice Steel, a.s., the shareholders nominated Ing. Petr Jůza. At the same time, he became also the member of the Board of Directors of the corporation. In this position, he replaced Dr. Ing. Jiří Chuchro, MBA. The latter is now named an advisor to the Director General of the corporation and, he is even further assumed for additional functions in connection with the top management of the corporation.

Ing. Petr Jůza (1970) comes from Kralupy n/Vltavou. Following his graduation from the Faculty of Electro-Technical Engineering, ČVUT he commenced his professional career in the auditing department of Coopers & Lybrand. Later, he worked for several years in the investment banking of the Komerční bank. From 1999 year, he progressively assumed positions of a financial director of the West Czech Energetics (Západočeska energetika), Aliatel and, the Czech Airlines. He is married with two children. His leisure time he devotes to family and recreationally, to playing golf.

EVRAZ VITKOVICE STEEL concentrates on the production of steel and steel products – heavy plates, heavy and medium sections, and flame-cut shapes from heavy plates. The company aims to continue increasing the sales of its products with high added value, such as deliveries of plates for pipelines. Thanks to the important support of the Evraz Group and its strong position on the Russian steel market the company has also successfully entered the Russian market of the pipeline industry. In the sphere of plates EVRAZ VITKOVICE STEEL is the main European manufacturer and the dominant manufacturer in the Czech Republic. The most important product of Heavy section rolling mill is sheet piles which represent a 65 % share of the mill’s production. The company is the sole manufacturer of this product on the domestic market and holds a 90% market share.

Evraz Group S.A. is one of the largest vertically-integrated steel and mining businesses. In 2006, Evraz Group produced 16.1 million tonnes of crude steel. Evraz Group’s principal assets include three of the leading steel plants in Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (Zapsib) and Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy, Vitkovice Steel in the Czech Republic, and Evraz Oregon Steel Mills headquartered in the USA. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes and equity interests in the Raspadskaya and Yuzhkuzbassugol coal companies. The mining assets enable Evraz Group to be a vertically integrated steel producer. Evraz Group also owns and operates the Nakhodka commercial sea port, in the Far East of Russia, which facilitates its access to Asian export markets. Evraz vanadium operations comprise Strategic Minerals Corporation, USA, and a 54.1% equity interest in Highveld Steel and Vanadium Corporation, South Africa.

For further information visit www.evraz.com

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