EVR Evraz Plc

RNS Number:5052Z
Evraz Group S.A.
02 July 2007



             Evraz commences disposal of Highveld's selected assets

July 2, 2007 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that Evraz has
formally commenced the process of disposing of some of the selected assets of
Highveld Steel and Vanadium Corporation Limited ("Highveld") in accordance with
Evraz's commitments to the European Commission and the South African Competition
Tribunal.

Prospective purchasers are expected to include established vanadium industry
participants, other steel industry players and private equity investors. The
competition authorities require that the ultimate purchaser must:
   * be independent of and unconnected to Evraz and Highveld;
   * have the financial resources, proven expertise and incentive to maintain
     and develop the divested business as a viable and active competitive force
     in competition with Evraz and other competitors; and
   * neither be likely to create competition concerns nor give rise to a risk
     that the implementation of the divestiture will be delayed, and must, in
     particular, reasonably be expected to obtain all necessary approvals from
     the relevant regulatory authorities for the acquisition of the divested
     assets.

Evraz has appointed Standard Bank of South Africa Ltd to advise on the
divestiture.

For further information interested parties can contact Sandra du Toit, Corporate
and Investment Banking division, Standard Bank of South Africa Ltd, 
tel. +27 (0) 11 636 6216, Sandra.duToit@standardbank.co.za.

                                     # # #

Notes for editors and interested parties:

Evraz obtained the regulatory approvals for its acquisition of a majority stake
in Highveld on the condition that Evraz divests or procures that Highveld
divests, of selected assets, including Highveld's Vanchem Operations, Highveld's
50% shareholding in South Africa Japan Vanadium (Proprietary) Limited and either
an equity interest or a discrete portion in the Mapochs Mine, which, together,
form an integrated vanadium supply chain, from raw vanadium bearing titaniferous
magnetite ore, to the sales and distribution of vanadium oxides and
ferrovanadium throughout the world.

The Mapochs Mine produces vanadium-rich iron ore providing a quality feedstock
for Vanchem, world's leading and most experienced vanadium converter. The
balance of Vanchem's feedstock supplies comes from Highveld in the form of
vanadium bearing slag, a by-product of Highveld's steelmaking operations, which
is also supplied to a number of vanadium converters in Europe and South Africa.
As part of the commitments given to the European and South African antitrust
authorities, Evraz will continue to provide Vanchem with vanadium bearing slag
in the amount sufficient to cover Vanchem's needs up to the current capacity.

Vanadium products are predominantly used as a micro alloy in certain steels to
increase its yield and tensile strength. Since its foundation in early 1960s,
Highveld Steel and Vanadium Corporation has been a significant vanadium
feedstock and vanadium product supplier.


For further information:

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


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, Evraz 
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, 
Yuzhkuzbassugol company and an equity interest in the Raspadskaya coal company. 
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. 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


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

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