EVRAZ Q1 2013 Production Report and Interim Management Statement

EVRAZ plc (LSE: EVR) today releases its operational results for the first quarter of 2013 and the Interim Management Statement.

Q1� 2013 OPERATIONAL HIGHLIGHTS and RECENT DEVELOPMENTS:

�� � � � � � � Both consolidated crude steel production and output of steel products (net of re-rolled volumes)� increased by 11% due to lower downtime at steelmaking capacities in Q1� 2013 compared to Q4� 2012

·� � � � � � � Consolidated production of finished steel goods slightly increased (+2% vs. Q4� 2012)

·� � � � � � � Production at EVRAZ ZSMK rail mill� recommenced on� 15 January 2013 following the successful completion of the modernisation project

·� � � � � � � EVRAZ NTMK completed the implementation of the PCI project

·� � � � � � � Consolidated output of iron ore products remained broadly flat at 5.2 million tonnes of saleable iron ore products

·� � � � � � � Raw coking coal production rose by 9%, with a 14% increase at Yuzhkuzbassugol and 3% at Raspadskaya� � 

·� � � � � � � In February 2013, the Company commissioned Yerunakovskaya VIII mine which has a full production capacity of 2.5 million tonnes of coking coal per annum to be reached by the year-end

·� � � � � � � Average selling prices for most key steel product groups marginally increased or remained flat compared to Q4� 2012

·� � � � � � � In January 2013, EVRAZ completed the acquisition of an indirect controlling interest in Raspadskaya for US$964 million, payable in equity and cash consideration, bringing effective interest to 82%

·� � � � � � � In March 2013, EVRAZ executed a non-binding term sheet for potential sale of EVRAZ Highveld

·� � � � � � � In April 2013, the Company acquired a 51% stake in Timir, a joint venture with Alrosa, created for the development of iron ore deposits in Yakutia, Russia for ca. US$160 million

·� � � � � � � In April 2013, Evraz Group S.A., a wholly owned subsidiary of EVRAZ, priced an issuance of US$1,000� million 7-year Eurobonds with a coupon of 6.50% per annum

·� � � � � � � In Q1 2013 preliminary� capital expenditure totalled US$255� million

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STEEL

Note.� Numbers in this table and the tables below may not add to totals due to rounding.

In Q1 2013, EVRAZ�s overall production of� crude steel increased by 11% compared to Q4� 2012, mainly due to absence of overhauls and lengthy maintenance works at EVRAZ’s Russian and Ukrainian steel mills. The� resumption of operations of the� EVRAZ Vitkovice steelmaking shop in the Czech Republic also contributed to higher crude steel output in Q1� 2013.

Consolidated production of finished steel goods was largely flat quarter-on-quarter, while total steel products (including semi-finished) increased by 11% primarily� due to higher output of semi-finished products in Russia. As a result, the share of finished steel products as a percentage of total production of steel products totalled 74% in Q1 2013 compared to80% in Q4 2012.

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