EVR Evraz Plc

RNS Number:3528F
Evraz Group S.A.
29 June 2006



29.06.2006

                       Extraordinary Shareholder Meeting
                of Evraz Group S.A. to be held on July 24, 2006

June 29, 2006 - The Board of Directors of Evraz Group S.A. (the "Company")
resolved to convene an extraordinary general meeting (the "EGM") on 24 July 2006
to seek the approval of shareholders to, inter alia, amend the articles of
incorporation of the Company and change the composition of the Board of
Directors. Today, the notifications on the EGM were sent to the shareholders of
record of the Company.

The resolutions proposed at the EGM are to approve amendments to the articles of
incorporation of the Company, which will enable completion of the previously 
announced transaction that will result in the transfer to Greenleas 
International Holdings Limited of a fifty per cent interest in Lanebrook 
Limited, an entity controlled by the principal beneficial shareholders of Evraz 
Group, which, at closing, will hold around 82.67% of the share capital of the 
Company (the "Transaction"). The resolutions and amendments to the articles are 
conditional on completion of the Transaction.

The resolutions to be voted on at the EGM, inter alia, include:

 1. Amendment of the articles of incorporation of the Company in order to
    expressly provide that shares of the Company are in registered form only and
    no bearer shares will be issued by the Company.

 2. Amendment of the articles of incorporation of the Company to clarify (i)
    procedural aspects for calling of the Board meetings, quorum at the Board
    meetings and election of the Chairman of the Board and the appointment of
    the CEO (administrateur delegue) and (ii) the authority of the CEO
    (administrateur delegue) to sign transactional documents on behalf of the
    Company.

 3. Re-composition of the Board of Directors,

   * by increasing of the number of directors from 7 (seven) to nine (9),
   * confirming the mandate of Alexander Abramov, Otari Arshba, James
    Campbell, Alexander Frolov, Bruno Bolfo and Terry Robinson
   * acknowledging the resignation of Valery I. Khoroshkovsky as director;
   * electing Eugene Shvidler, Eugene Tenenbaum and Olga Pokrovskaya to the
    Board of Directors of the Company
   * resolving not to change the method of payment and the level of
    remuneration applicable to directors; and
   * authorising the Chairman of the Board of the Company to sign management
    service agreements with each independent non-executive director (including
    any modifications thereto).

 4. Authorisation to the Board of Directors to appoint Mr. Valery I.
    Khoroshkovsky as CEO, and to delegate day to day management to the CEO.

                                     # # #


For further information:

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






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

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