EVR Evraz Plc

    RNS Number : 0526J
  Evraz Group S.A.
  27 November 2008
   
    for immediate release

    EVRAZ RECEIVES VNESHECONOMBANK LOANS


    November 27, 2008 - Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces signing of a US$1,006.5 million loan with Russia's State
Corporation Bank for Development and Foreign Economic Affairs "Vnesheconombank (VEB).

    The first tranche in the amount of US$201.3 million was used to refinance the Company's short-term debt.

    VEB approved credit lines for Evraz to refinance the Company's indebtedness under the syndicated loans in the amount of US$1,006.6
million and US$800 million.

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    For further information:

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

    Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation,
Ukraine, Europe, USA, Canada and South Africa. Evraz produced 16.4 million tonnes of crude steel in 2007, ranking it among the 17 largest
steel producers in the world by volume. Its mining operations cover 93% of iron ore and over 100% of coking coal internal consumption. 
Evraz's total consolidated revenues for the year ended 31 December 2007 were US$12,808 million and consolidated EBITDA was US$4,254 million.
For 1H 2008 the consolidated revenues were US$10,726 million and EBITDA - US$3,700 million. 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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