20.1.2006
Evraz Group S.A.(LSE: EVR) (the Group), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, announces that its five nominees were elected to the governing bodies of Vitkovice Steel, a.s.
At the shareholders' general meeting of Vitkovice Steel held today in Ostrava, Mr. Valery Khoroshkovsky, Evraz’s CEO; Mr. Alexander Frolov, Evraz’s Managing Director Corporate; Mr. Pavel Tatyanin, Evraz’s CFO; and Mr. Antonino Craparotta, Evraz’s Senior Vice President on Competitiveness, were elected to Vitkovice Steel’s Supervisory Board, and Mr. Frolov was appointed as Chairman of the Supervisory Board. In addition, Mr. Alexander Sorokin, Evraz’s Director International Operations, was elected to Vitkovice Steel’s Board of Directors.
Alexander Sorokin commented:
“The representation of Evraz’s senior executives in the governing bodies of Vitkovice Steel reflects our intention to align the operations of Vitkovice Steel with those of Evraz’s other operating companies and to maximise synergies and benefits from the integration of the largest Czech platemaker into the Group’s business structure.”
# # #
For further information:
Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 (495) 232-13-70
IR@evraz.com
www.evraz.com
Evraz Group S.A. is one of the largest vertically-integrated steel and mining businesses with operations mainly in Russia. In 2005, Evraz Group produced 13.9 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 & Bertoli in Italy and Vitkovice Steel in the Czech Republic. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes and Neryungriugol coal company and equity interests in the Raspadskaya and Yuzhkuzbassugol coal mines. 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 access to Asian export markets.
Vitkovice Steel, a.s. is the largest steel plate manufacturer in the Czech Republic, located in the city of Ostrava in the Moravia region. Vitkovice Steel produced 870,000 tonnes of steel products in 2004, mostly high-quality steel plate. In November 2005, Evraz Group completed the acquisition of 98.96% of the shares of Vitkovice Steel.
