EVRAZ priced U.S.$750 million note issue

14 December 2015 - Evraz Group S.A., a wholly owned subsidiary of EVRAZ plc, together with EVRAZ plc announce that Evraz Group S.A. has priced a U.S.$750 million notes issuance with maturity in January 2021 and a coupon rate of 8.25% per annum at a yield of 8.25%. The notes will be issued by Evraz Group S.A.

The closing and settlement are expected to be completed on 17 December 2015.

Evraz Group S.A. intends to use the net proceeds of the issue to refinance existing indebtedness.

The notes referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or any relevant securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

This press release is only being distributed to and is only directed at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom who have professional experience in matters related to investments and who are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iv) any other persons to whom this press release may otherwise be lawfully directed (all such persons together being referred to as "Relevant Persons"). The notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This press release is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws. Information contained in this press release is not intended for any person in the Russian Federation who is not a "qualified investor" within the meaning of Article 51.2 of the Federal Law No. 39-FZ "On the Securities Market" dated 22 April 1996, as amended and must not be distributed or circulated into Russia or made available in Russia to any person who is not a Russian qualified investor, unless and to the extent they are otherwise permitted to access such information under Russian law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy debt securities in the US or any other jurisdiction.

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For further information:

Media Relations:

London: +44 207 832 8998               Moscow: +7 495 937 6871

media@evraz.com

Investor Relations:

London: +44 207 832 8990                             Moscow: +7 495 232 1370

ir@evraz.com