EVRAZ Receives Award for Best Financial Disclosure Procedures in Europe

EVRAZ announces that it has been named the best European company in the Best Financial Disclosure Procedures category in the 2012 IR Global Rankings (IRGR) survey during the award ceremony in New York.

It is the second time when the top award in the Best Financial Disclosure is presented to EVRAZ - the first award in this nomination was presented to EVRAZ in 2011 during the IRGR Ceremony held in London where EVRAZ received awards for the Best Financial Disclosure and Best Progress. In 2012 second to sixth places in the Best Financial Disclosure nomination were awarded to NLMK, EDP Energias de Portugal, Philips, BASF and Turk Telekom.

The analysis conducted by IRGR is based on the quality of the information provided on each participant’s latest financial material, mainly financial reports, earnings releases and interim reports, within the following categories: Operating Information, Income Statement, Balance Sheet, Cash Flow, Guidance, Conference Calls & Presentations, and Exemplary Disclosure. Once the technical evaluation has been completed, an independent technical committee oversees and reviews IRGR’s findings and final rankings to ensure the independence of such analysis.

“We are very pleased with the recognition of our efforts to increase transparency, and we remain committed to continuous improvement of our financial disclosure and investor relations standards”, commented Giacomo Baizini, Vice President Corporate Affairs and CFO of EVRAZ. “We are proud that we have been recognised the best among European companies, well known for best practices in financial disclosure and investor relations.”