EVR Evraz Plc

TIDMEVR

RNS Number : 7714J

Evraz Group S.A.

05 July 2011

5 July 2011

REDEMPTION NOTICE TO NOTEHOLDERS OF THE U.S.$$650,000,000 7.25 PER CENT. CONVERTIBLE BONDS DUE 2014 (ISIN XS0439721035) (THE "BONDS")

ISSUED BY EVRAZ GROUP S.A.

Evraz Group S.A., a public limited liability company (societe anonyme) incorporated under the laws of the Grand Duchy of Luxembourg with its registered office at 1, Allee Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Trade and Companies under number B 105615 (the "Company") announces that, as more than 85 per cent. in principal amount of the Bonds originally issued have been redeemed or have had Conversion Rights exercised with respect to them, pursuant to the terms and conditions of the Bonds (the "Conditions") as scheduled to the trust deed constituting the Bonds entered into on 13 July 2009 between the Company and BNY Mellon Corporate Trustee Services Limited, as trustee (the "Trustee"), the Company is exercising its option under Condition 7(b) to redeem all the Bonds which remain outstanding on the Optional Redemption Date (as defined below). All capitalised terms used herein and not otherwise defined shall have the meaning given to them in the Conditions.

Bondholders may convert their Bonds into GDRs by following the requirements set forth in the Conditions and they have up to and including 26 July 2011 to do so. Any Bonds for which Conversion Rights have not been validly exercised in accordance with the Conditions by 26 July 2011 will be redeemed on the Optional Redemption Date and Conversion Rights may no longer be exercised in respect of those Bonds.

The Bonds will be redeemed at their principal amount together with accrued but unpaid interest up to but excluding the Optional Redemption Date (as defined below).

For the purpose of this notice and to provide the information required by Condition 7(c):

(i) the Optional Redemption Date shall be 4 August 2011;

(ii) the Conversion Price as at 4 July 2011(*) is US$21.12;

(iii) the aggregate principal amount of the Bonds outstanding as at 4 July 2011(*) is US$1,100,000.00;

(iv) the closing price of the GDRs as at 4 July 2011(*) as derived from the Relevant Stock Exchange is US$31.90; and

(v) the last day Conversion Rights may be exercised is 26 July 2011.

(*) being the last practicable date prior to the publication of this notice such information could be determined.

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For further information:

Media contact: Oleg Kuzmin VP, Corporate Communications +7 495 937 6871 media@evraz.com

Investor contact: Alexander Boreyko Director, Investor Relations +7 495 232 1370

ir@evraz.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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