OREANDA-NEWS. EVRAZ plc (“EVRAZ” or “the Company”) (LSE: EVR) today announces its unaudited interim results for the six months ended 30 June 2015 (“the Period”).

H1 2015 HIGHLIGHTS

• Strong free cash flow of US\\$372 million (H1 2014: US\\$444 million)

• Consistent reduction in net debt: US\\$5.7 billion (FY 2014: US\\$5.8 billion), with net debt to EBITDA of 2.6 times

• Cost saving of US\\$149 million* due to ongoing productivity improvements and cost-cutting initiatives

• Consolidated EBITDA of US\\$922 million (H1 2014: US\\$1,080 million)

• EBITDA margin of 18.8% (FY 2014: 17.8%; H1 2014: 15.9%)

• EBITDA margin in the Coal segment of 31.7% (FY 2014: 28.3%; H1 2014: 21.9%) due to the following:

o shutdown of unprofitable mines

o disposal or shutdown of non-core steam coal operations

o a greater share of premium coal grades in the product mix

• Secure position as one of the lowest-cost producers of steel and raw materials in Russia:

o cash cost of slabs decreased to US\\$196/t from US\\$292/t in H1 2014

o cash costs of coking coal concentrate of US\\$32/t (H1 2014: US\\$55/t)

o cash costs of iron ore products (58% Fe content) of US\\$31/t (H1 2014: US\\$48/t)

• US\\$336 million returned to shareholders in April 2015 via the tender offer to purchase the Company’s ordinary shares, announced following the 2014 results

Commenting on the financial results for H1 2015, EVRAZ CEO Alexander Frolov said, "In the first half of 2015, sales volumes in our core Russian and North American markets contracted significantly, compounded by continued pressure on global steel prices. On the positive side, we have managed to maintain our market share and reallocated part of our Russian sales to export markets in response to changing demand for steel products. Thanks to our continued client focus and successful implementation of cost-cutting initiatives, we generated strong cash flows and continued to reduce our debt. We continue to execute our strategy, which focuses on low-cost production, customer care, cost-cutting and targeted, performance-enhancing capital expenditures.”