Evraz Group SA announced that all resolutions proposed to the shareholders at the Annual General Meeting held on May 15th 2008, were duly passed including:

1. Approval of the reports of the auditors and of the Board of Directors on the accounts of the Company as per December 31st 2007 and of the decision for allocation of the results for the period ending on 31 December 2007 as follows:
A. To approve and distribute annual dividends to the holders of record of shares in the share register of the Company as of 14 May 2008 in proportion to their participation in the share capital of the Company, provided that (1) the dividend per 1 (one) GDR shall be Euro equivalent of USD 1.40 (2) dividend per 1 share in the Company shall be Euro equivalent of USD 4.20 (four US Dollars and twenty cents)
B. The dividends shall be paid to the shareholders of record as of 14 May 2008 by 15 July 2008 at the latest. Payment of the dividends to the GDRs holders shall be made in accordance with the terms of business and practice of Bank of New York acting as custodian.

2. Amendment of the Articles of Association of the Company in order to increase the number of directors of the Company from 9 to 10 persons starting from May 15th 2008.

3. Statutory elections:
A. The following directors have been elected for a period ending immediately after the approval of the annual accounts of the Company covering the period January 1st to December 31st 2008:
Mr Alexander Abramov
Mr Otari Arshba
Mr Gennady Bogolyubov
Mr James W. Campbell
Mr Philippe Delaunois
Mr Alexander Frolov
Ms Olga Pokrovskaya
Mr Terry J. Robinson
Mr Eugene Shvidler|
Mr Eugene Tenenbaum

B. Ms Alexandra Trunova has been elected statutory auditor of the Company and Ernst & Young has been elected external auditor of the Company until approval of the annual accounts of the Company covering the period of January 1st to December 31st 2008.