redomiciliation

Includes legal, consulting and other professional fees incurred in connection with the Company’s redomiciliation to the United States and Nasdaq listing.

Evraz is not part of the MSCI Russia Index so it should see a minimal outflow of funds as a result of redomiciliation.

The commission’s announcement is unexpected and we hope it is only related to simple technical problems (that will eventually be resolved) rather than any change of heart from the state on the idea of redomiciliation.

Key milestones completed during this time include our redomiciliation to the U.S., the listing of our common stock on NASDAQ, and the construction of our new state-of-the-art facility.

Redomiciliation provisions in Manx Law permits foreign companies to be continued as 2006 Act companies in the Isle of Man and 2006 Act companies to redomicile to a foreign jurisdiction.

The company in question, Kazakhstan-based oil and gas producer Zhaikmunai, is the latest in a string of firms to consider redomiciliation and swapping its existing GDRs for primary shares thereby opening up the possibility of joining the FTSE indices.

Adjusted net income (loss) represents net income (loss) calculated in accordance with U.S. GAAP as adjusted for the impact of share-based compensation expense, depreciation and amortization, interest expense and certain non-recurring costs associated with our redomiciliation and Nasdaq listing.