Update on Mandatory Tender Offer for Timir

RNS Number : 6686J

Evraz Plc

18 July 2013

 

Results of the Mandatory Tender Offer in Respect of Minority Stake in Timir

18 July 2013 - Further to the announcement dated 29 April 2013 by EVRAZ plc (LSE: EVR) ("EVRAZ") that in accordance with Russian regulatory requirements it had submitted to Russia's Federal Service on Financial Markets (FSFM) and to Timir a mandatory tender offer to Timir's shareholders to acquire those shares in Timir that it does not own (the "Tender Offer"), EVRAZ today announces that it has filed a report to FSFM with the results of the Tender Offer that expired on 8 July 2013.

In line with EVRAZ's expectations, as at the date of expiry of the Tender Offer, there were no acceptances of the Tender Offer.

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For further information:

Media Relations:

Vsevolod Sementsov

VP, Corporate Communications

London: [phone]          Moscow: [phone]

[e-mail]

Investor Relations:

Sergey Belyakov

Director, Investor Relations

London: [phone]          Moscow: [phone]

[e-mail]

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top steel producers in the world based on crude steel production of 15.9 million tonnes in 2012. In 2012 EVRAZ sold 15.3 million tonnes of steel products. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2012 were US$14,726 million, and consolidated EBITDA amounted to US$2,012 million.

 

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