Evraz Expands Interests

RNS Number:2094D
Evraz Group S.A.
18 May 2006



                                                           For immediate release

                 Evraz Expands Interests in Coal Mining Assets

May 18, 2006 - Evraz Group S.A. ("Evraz", LSE: EVR) announces that OJSC
Raspadskaya, which is owned by Evraz's joint venture Corber Enterprises Limited,
has agreed to acquire two additional coal mining assets, Mezhdurechenskaya Coal
Company-96 and Razrez Raspadskiy. Evraz's partner in Corber Enterprises is to
contribute these assets to Raspadskaya, and Evraz is to provide approximately
US$225 million in cash in order to maintain its current 50% interest in Corber
Enterprises, and also US$300 million in short-term financial guarantees for OJSC
Raspadskaya. The transactions are to occur following approval by Raspadskaya's
shareholders' meeting, which is currently scheduled for June 8, 2006.

Mezhdurechenskaya Coal Company-96 and Razrez Raspadskiy are rapidly growing coal
mining companies in the Kuzbass region. Explored resources under Russian
classifications are estimated at approximately 293 million tonnes of coking
coal, and total sales in 2005 were approximately 3.3 million tonnes. The
companies plan to increase their production up to 6 million tonnes p.a. by 2010.
These operations mine semi-hard coking coal. The primary customers for these
operations are Evraz and other steel companies, as well as independent coke
producers.

Valery Khoroshkovsky, Evraz's CEO, commented on this investment:

"This new investment into Raspadskaya is part of our strategy of expanding our
coal mining asset base through high-quality profitable acquisitions.
Mezhdurechenskaya Coal Company-96 and Razrez Raspadskiy definitely fall into
this strategic line. Addition of these assets into Raspadskaya will grow this
company to one of Russia's largest coking coal producers. We are confident of
Raspadskaya's management who has a strong track record of building and
developing successful coal mining operations and who will build further value
and generate additional returns for shareholders of the Company."

                                     # # #
For further information:

Evraz Group

Corporate Affairs and Investor Relations
Irina Kibina
Tel: [phone]
[e-mail]
www.evraz.com


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