OREANDA-NEWS. Evraz Group S.A. (LSE: EVR) announces that Bruno Bolfo has tendered his resignation as a member of the Board of Directors of the Company. He will also thereupon cease to be a member of the Company's Audit Committee.

According to the press service of Evraz Group S.A., on 20 October 2006, Bruno Bolfo notified the Company of his resignation from the Board with immediate effect due to a conflict of interests arising out of a proposed joint venture agreement between Duferco, a steel trader and producer, and steel making company NLMK. Mr. Bolfo is the owner and Chairman of the Board of Directors of Duferco.

Bruno Bolfo had been a member of Evraz’s Board since 9 August 2006 following his election by the extraordinary general meeting of shareholders in July 2006.