NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

EVRAZ plc (the "Issuer")
U.S.$500,000,000 6.75% Notes due 2022 (the "Notes")
(Regulation S ISIN: XS1405775377; Common Code: 140577537)

25 October 2021

Early Redemption Notice

Reference is made to the early redemption notice given by the Issuer on 27 September 2021 in relation to the Notes where the Issuer gave notice of its right pursuant to Condition 7.3 (Redemption at Make-Whole) to redeem all of the outstanding Notes at the principal amount thereof and the Applicable Premium as of, plus accrued and unpaid interest to, the redemption date.

The amount of the Applicable Premium will equal to U.S.$15.66 per U.S.$1,000 in principal amount of the Notes. The amount of the accrued and unpaid interest will equal to U.S.$16.50 per U.S.$1,000 in principal amount of the Notes, which when added to the principal amount gives an aggregate redemption price per U.S.$1,000 equal to U.S.$1,032.16.

All the outstanding Notes will be redeemed on 28 October 2021. Capitalised terms not otherwise defined in this notice will have the meanings given to them in the Terms and Conditions of the Notes.

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For further information:

Investor Relations:

Irina Bakhturina

Director, Investor Relations

London: +44 207 290 1095

Moscow: +7 495 232 1370

ir@evraz.com