Evraz Regulatory News (EVR)

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Completion of acquisition of indirect controlling interest in OJSC Raspadskaya by EVRAZ plc

16 January 2013 - Further to the announcement on 4 October 2012 by EVRAZ plc (LSE: EVR) ("EVRAZ") that it had agreed the terms of an acquisition of a further 50% interest in Corber Enterprises Limited ("Corber"), which holds an 82% interest in OJSC Raspadskaya and its subsidiaries ("Raspadskaya"), from Adroliv Investments Limited (the "Seller"), a company jointly owned in equal share by two shareholders (the "Shareholders of the Seller") (the "Acquisition"), EVRAZ today announces that it has completed the Acquisition, subject to admission to listing and to trading.

Pursuant to the terms of the Acquisition, EVRAZ has issued 132,653,006 new ordinary shares (the "New EVRAZ Shares") (representing 9.9% of the existing issued share capital) to the Shareholders of the Seller, with each receiving 50% of the New Evraz Shares issued. The New EVRAZ Shares will be admitted to the Official List of the UKLA and to trading on the Main Market of the London Stock Exchange with effect from 8am today.

As consideration for the Acquisition, EVRAZ will further (i) issue 33,944,928 new warrants to subscribe for 33,944,928 new ordinary shares in EVRAZ representing 2.53% of the existing issued share capital of EVRAZ (the " Warrants"), and (ii) pay an amount, in cash, of US$201,999,280, payable in four equal instalments in Q1, Q2, Q3 2013 and Q1 2014, with each Shareholder of the Seller receiving 50% of the Warrants and 50% of the cash consideration. The Warrants may be exercised at any time between 12 months and 15 months after completion of the Acquisition and the Warrants contain customary provisions relating to adjustments. Upon exercise of the Warrants, it is expected that the Shareholders of the Seller will own 11.06% of EVRAZ.

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For further information:

Media Relations:

Oleg Kuzmin

VP, Corporate Communications

London: +44 207 832 8998 Moscow: +7 495 937 6871

media@evraz.com

Investor Relations:

Sergey Belyakov

Director, Investor Relations

London: +44 207 832 8990 Moscow: +7 495 232 1370

ir@evraz.com

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top 20 steel producers in the world based on crude steel production of 16.8 million tonnes in 2011. In 2011 EVRAZ sold 15.5 million tonnes of steel products. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2011 were US$16,400 million and consolidated EBITDA amounted to US$2,898 million. The H1 2012 consolidated revenue was US$7,619 million and the H1 2012 EBITDA was US$1,175 million.