Evraz Group S.A. issued its first quarter of 2009 trading update

Highlights:

Revenue for the three-month period ended March 31, 2009 was $2,413 mln

Adjusted EBITDA was $305 mln with adjusted EBITDA margin of 12.6%

Interest expense was $187 mln

Total debt as of March 31, 2009 amounted to approximately $9,041 mln, including $3,775 mln of short-term loans and current portion of long-term debt

Cash and cash equivalents at the end of the period stood at approximately $855 mln

Capital expenditures amounted to $103 mln

Total steel products sales in Q1 2009 amounted to 3.5 mln tn

Iron ore sales volumes including intersegment shipments totalled 4.0 mln tn

Coal sales including intersegment shipments were 3.8 mln tn, including 1.1 mln tn of raw coking coal, 1.4 mln tn of steam coal and 0.9 mln tn of coking coal concentrate

 Changes to the Company’s share capital:

Following the decision of the extraordinary general meeting of shareholders held on January 30, 2009, 9,755,347 new shares in Evraz were issued at a price of $22.50 per share in favour of the Company’s shareholders who opted for a partial 2008 scrip interim dividend. As of today, the Company’s issued share capital is comprised of 132,260,150 ordinary shares.For 1Q 2009 selected sales data and further details please refer to the full version of the Company's press release.