Acquisition update

RNS Number:2957S
Evraz Group S.A.
14 April 2008



FOR IMMEDIATE RELEASE



      Evraz Closes First Stage of Acquisition of Selected Ukrainian Assets

April 14,  2008 - Evraz Group S.A (LSE: EVR) (Evraz) today announced completion
of the first stage of the earlier announced acquisition of selected production
assets in Ukraine.

For a cost in excess of US$1,000 million Evraz has closed the acquisition of
51.4% of shares of Palmrose Limited, a Cyprus-based holding company for the
following assets in Ukraine:

  * a 99.25% share holding in the Sukhaya Balka iron ore mining and processing
    complex;
  * a 95.57% share holding in the Dnepropetrovsk Iron and Steel Works; and
  * share holdings in three coking plants (93.74% of Bagleykoks, 98.65% of
    Dneprkoks and 93.83% of shares outstanding of Dneprodzerzhinsk Coke Chemical
    Plant).


Evraz transferred the amount payable in favour of the seller in December 2007.

The next stage of the transaction that implies issuance of new shares in Evraz
is subject to certain legal requirements in Luxembourg, and is expected to be
completed soon thereafter.  An announcement as to the final completion date and
terms will be made in due course.

                                      ###

For further information:


Evraz Group
Corporate Affairs and Investor Relations
Irina Kibina
Tel: [phone]
[e-mail]


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
END

ACQILFFESRISLIT