EVR Evraz Plc

RNS Number:8274S
Evraz Group S.A.
22 April 2008


FOR IMMEDIATE RELEASE



             Highveld Agrees on Disposal of Certain Vanadium Assets


April 22, 2008 - Evraz Group S.A. (LSE: EVR) ("Evraz") announces that Highveld
Steel and Vanadium Corporation ("Highveld" or the "Corporation"), which is
Evraz's subsidiary, has entered into definitive agreements with Vanchem Vanadium
Products (Proprietary) Limited ("VVP"), a special purpose company controlled by
Duferco Investment Partners Inc, on the disposal by Highveld of certain
vertically integrated vanadium assets.  In 2007, Evraz committed to procure the
disposal as a condition to the approval by the European Commission and South
African competition authorities of its acquisition of a majority interest in
Highveld.

Under the agreements, Highveld will dispose of:

a)  Class "A" ordinary shares in the issued share capital of Mapochs Mine
    (Proprietary) Limited, a special purpose company that has been incorporated 
    by Highveld for purposes of acquiring and holding the Corporation's Mapochs 
    Mine. The rights attached to the Class "A" ordinary shares are limited to 
    rights required to enable VVP to protect its rights under the fines ore 
    supply agreement;

b)  the Corporation's Vanchem operations; and

c)  the Corporation's 50% shareholding in South Africa Japan Vanadium
    (Proprietary) Limited.

In addition, Highveld has entered into supply agreements with VVP for the supply
of certain volume of fines ore from the Mapochs Mine, which cannot be used by
Highveld in its steelworks, and for the supply of certain volumes of
vanadium-bearing slag, which is produced by Highveld as a by-product of steel,
both at market-related prices.

Highveld has agreed to sell the above three assets for an aggregate
consideration of US$160 million, which will be discharged by the immediate
payment of US$100 million in cash, and by the buyer's commitment to undertake
specific environmental projects in relation to Vanchem.

The implementation of the disposal is subject to certain conditions, including
approvals of the European Commission, South African competition authorities and
the JSE Limited.

                                      ###

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 2007, Evraz Group produced 16.4 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, Evraz Oregon Steel Mills and Claymont
Steel 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 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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