Evraz announces 2009 interim results

Evraz Group S.A. today announces its unaudited interim results for the six months ended 30 June 2009.

1H 2009 Highlights:

Financials:

* Revenue US$4,639 million
* Consolidated adjusted EBITDA US$468 million∗
* Net loss US$999 million, negatively impacted by US$833 million due to change in accounting policies. Excluding this impact, it would have been US$166 million loss
* Operating cash flow US$1,123 million
* Total debt reduced by US$1,504 million to US$8,482 million

Steel:

*Crude steel production fell by 28.8% year-on-year to 6.8 million tonnes
*Total steel sales volumes decreased by 28.0% to 6.8 million tonnes
*Restart of Blast Furnace No. 3 at Zapsib at the end of June

Vanadium:

*Vanadium segment revenues decreased by 81.4% to US$138 million
*Sales volumes of vanadium products fell 52.8% year-on-year to 7,448 tonnes in vanadium equivalent

Mining:

*Iron ore self-coverage of 99%
*Coking coal self-coverage of 133%

Corporate developments:

*Sale of 49% interest in NS Group to TMK for US$508 million completed
*Renouncement of the right to purchase licence to develop the Mezhegey coal deposit•
*Transfer of 26% of the ordinary equity interest in Mapochs Mine (Proprietary) Limited to local partners in South Africa as part of the Black Economic Empowerment (BEE) government programme, valued at US$59.8 million