EVR Evraz Plc

RNS Number:3351A
Evraz Group S.A.
16 July 2007



FOR IMMEDIATE RELEASE

           Evraz Extends the Offer Period to Acquire Highveld Shares
                      and Increases the Offer Price by 15%

July 16, 2007 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that, following
its announcement of 4 June on the offer to acquire shares in Highveld Steel and
Vanadium Corporation Limited ("Highveld"), other than those currently held by
Evraz, and its announcement of 4 July on the extension of the offer period, it
has decided the following:

(1)  To increase the consideration payable to Highveld shareholders from the
ZAR equivalent (calculated as at the closing date in the manner explained in the
circular posted to shareholders of Highveld dated 4 June 2007) of US$11.40 per
Highveld share, to ZAR 93, which represents an approximately 15% increase to the
previous offer price. Highveld shareholders who accepted the offer prior to this
increase in the consideration will be paid the increased consideration.

(2)  To extend the offer till 17h00 (South African time) on 6 August, unless
the date is extended by Evraz in its sole and absolute discretion, in accordance
with the Securities Regulation Code on Takeovers and Mergers and any other
applicable laws and regulations. All amended dates will be released on the
Securities Exchange News Service of the JSE Limited ("SENS"), over a UK
Regulatory Information Service and in the press.


The offer is not being made, directly or indirectly, in or into the United
States, Australia, Canada and Japan, and any jurisdiction where the offer would
or might constitute a violation of the laws of such jurisdiction ("restricted
jurisdiction"), or by use of the United States (or any restricted jurisdiction)
mails, or by any means or instrumentality (including, without limitation, the
post, facsimile transmission, telex and telephone or electronic transmission by
way of the internet or otherwise) of interstate or foreign commerce of the
United States (or any restricted jurisdiction), or of any facility of a
securities exchange of the United States (or any restricted jurisdiction). The
offer cannot be accepted by any such use, means or instrumentality or from
within the United States (or any restricted jurisdiction). No US person (or any
person resident or located within a restricted jurisdiction), and no person
acting for the account or benefit of any US person (or any person resident or
located within a restricted jurisdiction) shall be permitted to accept the
offer. This communication is not an extension of the offer in the United States
(or any restricted jurisdiction).

                                      ###
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

END
OUPEAXXKFELXEFE

Evraz (LSE:EVR)
Historical Stock Chart
From Jun 2024 to Jul 2024

Evraz (LSE:EVR)
Historical Stock Chart
From Jul 2023 to Jul 2024