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OAO Raspadskaya declares interim dividends for 9 months 2007

26.10.2007


Moscow, 26 October 2007 – OAO Raspadskaya, one of the Russia’s leading coking coal producers, has announced today that Company’s Board of Directors has recommended for the approval by Extraordinary General Meeting of an interim dividend of RUR1.25 per share for 9 months 2007. Interim dividends will be payable until 6 February 2008 to the shareholders on records as of 25 October 2007.

Commenting on the decision, Alexander Vagin, Chairman of the Board, said: “Declaration of the interim dividends demonstrates once again our commitment to the principles of shareholders’ value. Our minority shareholders shall consider these interim dividends as related to our interim IFRS results for the six months ended 30 June 2007. Board of Directors was pleased to submit this proposal taking into account our strong profitability in combination with a fully funded capital expenditure programme being implemented within the budget.”

Company’s EGM by voting in absentia will take place on 7 December 2007 in Mezhdurechensk (Kemerovo Region) with the following agenda: “Dividend payout to the shareholders of OAO Raspadskaya for 9 months 2007”.

About Company

OAO Raspadskaya is situated in the Kemerovo region of Russia. Company comprises two underground mines, one open-pit operation, a coal preparation plant and one underground mine under construction, as well as a coal transportation network and a number of integrated infrastructure companies. Raspadskaya is one of the leading Russian coking coal producers whose customers include major steel and coking plants in Russia, Ukraine as well as Eastern Europe and Asia. Raspadskaya produced 10.6 million tonnes of raw coal in 2006. Raspadskaya’s IFRS pro forma sales in 2006 amounted to $469 million, pro forma EBITDA - $259 million and pro forma Net Income - $112 million. 80% of Raspadskaya's ordinary shares are held by Corber Enterprises Limited, an entity ultimately owned by Raspadskaya management and Evraz Group on a parity basis.

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For further information please visit www.raspadskaya.com or contact:

Media Relations
+7 (495) 147 15 16 Alexander Andreev
press@raspadskaya.ru

Investor Relations
+7 (495) 147 15 16 Oleg Kuzakov
ir@raspadskaya.ru

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