Q2 2012 Operational Results - Clarification

Further to its announcement of Q2 2012 operational results, EVRAZ plc wishes to clarify the following:

In Q3 2012, crude steel production by the Russian steel mills is expected to increase by 2% compared to Q2 2012. In Q3 production volumes will be affected by the following:

1) in connection with the rail mill modernisation at EVRAZ ZSMK:

a. temporary shutdown for an upgrade since 8 April 2012 of one of the two electric arc furnaces (EAF) , which is scheduled to be re-launched at the end of September 2012 and

b. 24-day production optimisation works at another EAF and at a billet caster in Q3 2012;

2) capital repair of blast furnace 6 (BF 6), 6 days, at EVRAZ NTMK;

3) regular maintenance of converter No 3, 47 days, at EVRAZ ZSMK and converter No 4, 30 days in Q3 (to be continued in Q4);

4) 3-day annual maintenance works of the gas pipeline carried out by the company supplying natural gas to EVRAZ ZSMK.