RNS Number:4049V
Evraz Group S.A.
09 December 2005



                       Evraz Group S.A. Agrees to Acquire
                        50% Interest in Yuzhkuzbassugol

Moscow, December 09, 2005 - Evraz Group S.A. (LSE: EVR), one of the leading
vertically integrated steel production and mining businesses with operations
mainly in Russia, today announced it has agreed to acquire a 50% stake in Joint
Stock Company Yuzhkuzbassugol, a leading Russian producer of coking coal, from
Crosland Limited for US$675 million.

The acquisition is to be financed from own funds and the proceeds of the recent
Eurobond issue.

As a transaction with a related party it has been conducted on the basis of an
independent valuation of Yuzhkuzbassugol and was approved by all three of Evraz
Group S.A.'s independent non-executive directors.

James W. Campbell, one of Evraz Group S.A.'s non-executive directors and Chairman 
of Evraz Group S.A.'s Strategy Committee, commented, "The acquisition is an 
important component of Evraz's stated long-term commitment to develop a financially 
robust mining division, particularly in the coking coal and iron ore sectors. I 
can confirm the way in which this transaction was conducted conforms to best 
practice corporate governance standards and reflects well on the new management 
approach instilled by Mr Abramov and his senior management colleagues."

                                     # # #
For further information:

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

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

Notes to Editors

Evraz Group S.A. is one of the largest vertically-integrated steel and mining
businesses with operations mainly in Russia. In 2004, Evraz Group produced 13.7
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. During 2005, Evraz acquired Palini & Bertoli in
Italy and Vitkovice Steel in the Czech Republic.

Evraz Group's fast-growing mining businesses comprise Evrazruda, the
Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes and
NeryungriUgol coal company and an equity interest in the Raspadskaya coal mine.
The mining assets enable Evraz Group to be a vertically-integrated steel
producer. Evraz obtains approximately 75% of its iron ore requirements from
Evrazruda, KGOK and VGOK and also obtains the majority of its coking coal from
Raspadskaya and other affiliated producers.

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

Yuzhkuzbassugol is Russia's leading producer of coking coal, and in 2004
produced approximately 14 million tonnes of coking coal and approximately 4
million tonnes of steam coal. In 2004, total production of coking coal at
Yuzhkuzbassugol and Raspadskaya, in which Evraz has a 47.8% interest, accounted
for approximately 158% of Evraz's total coking coal requirements.


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

END
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