EVRAZ Group 3Q 2011 Operational Results

EVRAZ Group S.A. released its operational results for the third quarter of 2011.

3Q 2011 HIGHLIGHTS:

• Steel production volumes increased by 4% year-on-year due to demand recovery, but decreased by 5% quarter-on-quarter mainly due to seasonal repairs

• Steel product mix shifted in favor of finished goods

• Coking coal production decreased due to long wall repositioning at two of our mines

• Prices for steel products and coking coal remained essentially flat

In 3Q 2011, the production of crude steel increased by 4% against 3Q 2010 due to higher production volumes in North America and Ukraine. However, compared to the previous quarter it decreased by 5% due to lower production volumes in Russia, the Czech Republic and South Africa.

Factors that impacted the crude steel production at each region are described below. The output of finished goods reflected the redistribution of crude steel supply between different product groups primarily due to seasonal fluctuations of market demand.