Organizational changes within the structure and management of EVRAZ

EVRAZ announces organizational changes in the Company’s management. In order to improve and intensify management of the key product groups the Company decided to establish a separate Division for Railway Products within EVRAZ to deal with production and sales as well as product development for railway applications. The Division shall include the whole manufacturing chain of this type of products at Russian-based enterprises – EVRAZ ZSMK and EVRAZ NTMK. The Division of Railway Products shall also include EVRAZ NMTP sea port and EvrazTrans transport company.

All the other shops of EVRAZ ZSMK and EVRAZ NTMK producing construction longs and other types of steel products shall remain within Steel Division. Trading Companies EvrazHolding, East Metals AG and steel center EVRAZ Metall Inprom shall also be merged into Steel Division.

Ilya Shirokobrod shall be appointed Vice President, Head of Division of Railway Products. Mr. Shirokobrod previously held the position of Vice President of Sales. Within the scope of his new position Ilya Shirokobrod shall also chair the Management committee for railway products thus providing for efficient coordination of EVRAZ’s global strategy in this segment at the worldwide level. Apart from production issues the scope of responsibility of the Head of Division shall include sales of railway products and purchasing of raw materials to supply the needs of the division.

Ilya Shirokobrod joined EVRAZ in February 2010. He previously held managing positions in Centravis Limited, Alcoa CSI, Melitta Russland and Tetra Pak. In 2005 he gained Master’s degree from Stockholm School of Economics under International Executive MBA program.

Alexey Ivanov, the Vice President, Head of Steel Division shall continue his activities in this position with a substantial extension of scope of his functions. His area of responsibility shall include production, sales of construction longs and other steel products, as well as purchasing of raw materials for this industry.

Mr. Ivanov joined EVRAZ in 2002. Previously he held various positions in ZAO Liggett-Ducat, OAO AB Incombank. He graduated from INSEAD in 2002. He has been a member of the Chartered Institute of Management Accountants since 2004.