OREANDA-NEWS. February 3, 2009. Evraz Group (LSE: EVR) ("Evraz" or the "Company") announces that, further to the Company’s announcement of 17 December 2008, the Extraordinary General Meeting convened on Friday has duly passed all the resolutions. The shareholders have resolved to acknowledge the modification of the method of payment of the announced 2008 interim dividends as follows:

1) the dividend of USD 6.00 for 1 share / USD 2.00 for 1 GDR which has been paid on 18 December 2008 to the shareholders of record of the Company as of 18 September 2008;
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2) Euro equivalent of the remaining dividend of USD 2.25 for 1 share / USD 0.75 for 1 GDR shall be either (a) paid in cash to the shareholders who voted against or abstained from voting; or (b) exchanged for new shares to be issued by the Company.

The voluntary partial scrip dividend alternative was voted for in respect of 97,553,473 shares representing 79.63% of Evraz’s share capital, entitling the holders to subscribe to 9,755,347 new shares issued at a price of USD 22.50 per share (USD 7.50 per GDR). Article 5 al.1 of the Company’s Articles will be amended to reflect the share capital increase. The new shares will rank pari passu with the existing ordinary shares of Evraz Group.

The Company’s major shareholder, Lanebrook Limited, subscribed to 8,510,152 shares, and BNY Nominees Limited subscribed to 1,245,195 shares.

Copies of the resolutions will be submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority’s Document Viewing Facility, which is situated at:
UK Listing Authority
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS.