Evraz in accordance with the UK Listing Authority’s Disclosure and Transparency Rules, it issued its first Interim Management Statement relating to the period from January 1st 2008 to March 31st 2008.

Highlights

1. Revenue for the period was approximately USD 4,320 million

2. Total steel products sales amounted to 4.6 million tonnes

3. Iron ore sales volumes including inter-company shipments totaled 4.3 million tonnes

4. Coal sales including inter-company shipments were 2 million tonnes of coking coal and 1.5 million tonnes of steam coal

5. EBITDA was USD 1,393 million with EBITDA margin of 32%

6. Total debt as of March 31st 2008 amounted to approximately USD 7,259 million

7. Cash and cash equivalents as of the end of the period was approximately USD 450 million