Results of Evraz"s Offer to Acquire Highveld Shares

Evraz Group S.A. announces that the offer made by Evraz on 4 June 2007 to acquire the entire issued share capital of Highveld Steel and Vanadium Corporation Limited ("Highveld"), other than those shares currently held by Evraz, for a consideration of ZAR 93 ("offer") closed at 17h00 (SA time) on 6 August 2007. Evraz confirms that as at the close of the offer, it had received acceptances in respect of 1,879,070 Highveld shares representing 1.89% of the entire issued share capital of Highveld. In aggregate, Evraz confirms that it now holds 55,534,182 Highveld shares, representing 56.01% of the entire issued share capital of Highveld. After the execution of the option to acquire the 24.9% stake in Highveld from Credit Suisse International, Evraz will hold 80,222,058 Highveld shares, representing 80.9% of the entire issued share capital of Highveld. The option is to be executed before 1 October 2007.