Evraz Plc Update on interim dividend (2369E)

TIDMEVR

RNS Number : 2369E

Evraz Plc

09 March 2022

EVRAZ plc (the "Company" or "EVRAZ")

This announcement contains inside information

Update on interim dividend

9 March 2022 - further to the Company's announcement on 25 February 2022 regarding the declaration of an interim dividend of US$729 million (US$0.50 per share) to be paid on 30 March 2022 (the "Interim Dividend"), the Company wishes to provide an update.

In the current circumstances, the Board of Directors (the "Board") no longer considers the payment of the Interim Dividend to be in the best interests of the Company and its shareholders.

Although the imposition of international sanctions against Russia and the restrictions imposed by Russia to date have had no material direct impact on day-to-day operations, trading or the financial position of EVRAZ, given the uncertainties arising from the current situation in relation to Russia and Ukraine, the Board has nevertheless decided to cancel the Interim Dividend.

The Board will continue to keep the payment of future dividends under review and will keep shareholders updated through further announcements as appropriate.

***

For further information:

Investor Relations:

[phone]

[phone]

[e-mail]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

FURQKLFBLXLBBBB

(END) Dow Jones Newswires

March 09, 2022 11:12 ET (16:12 GMT)