REALIZATION OF MERGER – FORMATION OF A COMPANY EVRAZ VITKOVICE STEEL

1.6.2007

REALIZATION OF MERGER – FORMATION OF A COMPANY EVRAZ VITKOVICE STEEL

OSTRAVA June 1st 2007 - Merger between the VITKOVICE STEEL, a.s. and its only shareholder ABA Assets s.r.o. was recorded into the Business Registry on June 1st 2007. On that date, the above named enterprises cease to exist and instead, a new succession company EVRAZ VITKOVICE STEEL, a.s. was created. The succession company will carry on the same business activities that were the subject activities of now defunct companies VITKOVICE STEEL, a.s. and ABA Assets s.r.o.

"All of the rights and obligations of the expirable companies were passed on our new corporation," the CEO of the EVRAZ VITKOVICE STEEL, a.s., Ing. Vladimir Bail, Ph.D. advises and adds: “Merger realization does not affect our current business relationships and, there is no need to execute new agreements instead of existing ones, as a consequence of this fusion.”

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

Crest Communications Prague
Lenka Mickova
Tel.: +420 222 927 111
lenka.mickova@crestcom.cz

Crest Communications Ostrava
Jaromir Krisica
Tel.: +420 596 620 435
krisica@crestcom.cz


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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