Evraz NA Signs US$610m Revolving Facility

Evraz NA Signs USD610 Million Revolving Facility

28 December 2011- EVRAZ plc (LSE: EVR) announces the closing of a USD610 million five-year committed revolving credit facility for its US and Canadian wholly-owned subsidiaries ("Evraz NA"). The facility is an asset-based revolving credit line secured with the inventories and receivables of Evraz NA.

The funds will be used to re-finance the existing USD225 million and CAD300 million facilities, as well as for financing Evraz NA's working capital requirements and for other corporate purposes. Amounts drawn under the new facility will bear interest at floating rates with margins varying between 1.50% to 2.00% over LIBOR depending on the utilisation level, compared to between 3.25% and 4.25% on the refinanced facilities.

GE Capital Markets, Inc., GE Capital Markets (Canada) Ltd., Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Loan Finance LLC acted as Joint Lead Arrangers and Joint Bookrunners for the transaction.

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For further information:

Investor Relations:Alexander BoreykoDirector, Investor RelationsLondon: +44 207 832 8990 Moscow: +7 495 232 1370

ir@evraz.com

Media Relations:Oleg KuzminVP, Corporate CommunicationsLondon: +44 207 832 8998 Moscow: +7 495 937 6871media@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 was ranked the 15th largest steel producer in the world based on crude steel production of 16.3 million tonnes in 2010. A significant portion of the Group's internal consumption of iron ore and coking coal is covered by its mining operations. The Group's consolidated revenues for the year ended 31 December 2010 were US$13,394 million and consolidated adjusted EBITDA amounted to US$2,350 million. EVRAZ plc holds 99.8% of Evraz Group S.A.