RNS Number:1230U
Evraz Group S.A.
15 November 2005



           Evraz Group S.A. completes acquisition of Vitkovice Steel

Moscow, November 15, 2005 - Evraz Group S.A. (LSE: EVR), one of the leading
vertically integrated steel production and mining businesses with operations
mainly in Russia, today announces the completion of the acquisition of 98.96% of
the shares of Vitkovice Steel, the largest platemaker in the Czech Republic, for
approximately Euro240 million.

The acquisition is in line with Evraz Group's stated strategy to achieve growth
through focused acquisitions of re-rolling assets outside Russia. Leveraging
Vitkovice Steel's position as a producer of high quality steel plate, Evraz will
seek to increase its market share and to secure its client base, as well as to
capture additional margins from the sale of higher value-added steel products in
the European market.

The acquisition was financed by a combination of debt and cash. The debt finance
was provided by a bank consortium led by ABN AMRO N.V. and Commerzbank. OSINEK
a.s., a 100% subsidiary of the National Property Fund of the Czech Republic,
acted as the seller. ABN AMRO N.V. served as a financial advisor.

Commenting, Alexander Abramov, Evraz Group Chairman and Chief Executive Officer,
said, "We are very pleased with the completion of the acquisition of Vitkovice
Steel, one of the largest steel enterprises in the Czech Republic. We believe
that the integration of Vitkovice into Evraz Group will contribute to its
development into a world-class business."

                                     # # #

For further information:

Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: +7 095 232 1370
IR@evraz.com

Merlin
Michael Rummel
Lachlan Johnston
Maria Suleymanova
Tel: +44 207 653 6620 
msuleymanova@merlinpr.com


Notes to Editors

Evraz Group S.A.

Evraz Group is one of the largest vertically-integrated steel and mining
businesses with operations mainly in Russia. In 2004, Evraz produced 13.7
million tonnes of crude steel.

Evraz's principal assets include three of leading steel plants in Russia: Nizhny
Tagil (NTMK) in the Urals region, and West Siberian (ZapSib) and Novokuznetsk
(NKMK) in Siberia.

Evraz Group's fast-growing mining businesses comprise Evrazruda, the
Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes,
NeryungriUgol Coal Company and an equity interest in the Raspadskaya coal mine.
The mining assets primarily supply Evraz Group's steelmaking operations,
enabling the company to be a vertically-integrated steel producer, limiting its
exposure to fluctuations in the prices of key raw materials. Evraz obtained over
70% of its iron ore requirements from KGOK, Evrazruda and VGOK in 2004 and also
obtains the majority of its coking coal from Raspadskaya and other affiliated
producers.

Evraz also owns and operates the Nakhodka commercial sea port, in the Far East
of Russia, which facilitates access to Asian export markets.

Vitkovice Steel

Vitkovice Steel is the largest platemaker 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. It recorded sales of
Euro423 million and earnings before interest, tax, depreciation and amortisation of
approximately Euro57 million in 2004. Vitkovice Steel employs over 1,500 people.





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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