Raspadskaya : reports preliminary operating results for Q2 and H1 2015

Company') announces its preliminary operating results for Q2 and H1 2015:

Sales

Concentrate - Russiakt645 651 -1% 1,296 1,398 -7%

Concentrate - exportkt713 979 -27% 1,692 1,335 27%

1 Semi-hard, hard coking coal

2 Hard, semi-hard, semi-soft coking coal

3 The prices for Q2 2015 and H1 2015 are preliminary and may immaterially differ from the final ones

 In H1 2015, overall raw coal production reached 5.1 mt, up 15% yoy mainly due to substantial production increase at the Raspadskaya underground mine

 Sales volumes of coking coal concentrate increased by 9% in H1 2015 yoy to reach

3.0 mt. The main reason behind that was the increase in export sales in Q1
2015which wasdriven by higher margins as a result of the Russian rouble weakening

 Domestic sales of coking coal concentrate went down 7% in H1 2015 yoy and reached 1.4 mt, mainly due to the lower coking coal consumption at EVRAZ's enterprises as a result of a successful implementation of the pulverised coal injection technology. In addition, a number of Russian steel companies have reduced their purchases due to higher coal production at their own mines. The released coking coal concentrate volumes were reallocated to other Russian clients and to the premium markets of South-East Asia (Japan, Korea)

 Exports of coal concentrate reached 1.7 mt, or 57% of total sales, with 82% shippedh to the Asia-Pacific region and 18% shipped to Europe. The growth in export sales came as a result of increased sales to the Asia-Pacific region

 Raw coal sales volumes went down by 29% in H1 2015 yoy due to longwall move at

Raspadskaya-Koksovaya and reached 425 kt. Operations at this mine are expected to

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be stable in H2 2015.

 The weighted average selling price of coal concentrate increased by 38% in H1 2015 in Russian rouble terms yoy mostly due to the year-on-year growth of the RUB/US dollar exchange rate

In May 2015, the room and pillar production was launched at the field 2 of the Raspadskaya-Koksovaya mine with a view to produce high-grade K coal (high demand, premium price1) with high efficiency.

 In Q2 2015, overall raw coal production reached 2.3 million tonnes, a 19% decrease compared to Q1 2015. In Q2 2015, the decision was made to reduce the production volume at the Raspadsky open-pit and MUK-96 mine due to deteriorating market conditions and Rouble strengthening in Q2 2015 with a view to avoid unprofitable export shipments. In addition, scheduled moves of two longwalls were carried out at the Raspadskaya underground mine at the end of the reporting period.

 Sales volumes of coking coal concentrate reached 1.4 mt, a 17% decrease compared to Q1 2015 mainly due to decrease in export sales.

 Domestic sales of coking coal concentrate remained flat at 650 kt primarily due to stable shipments to large metallurgical enterprises in Russia.

 Exports of coal concentrate reached 713 kt, or 53% of total sales, compared to 60% and 979 kt in Q1 2015. The Asia-Pacific region accounted for 77% of the export sales,Europe - 23%. This decrease in exports was attributable to reduced shipments to China.

 Sales volumes of raw coal went up by 195% vs. Q1 2015 as more raw coal was shipped to EVRAZ's enterprises.

 In Q2 2015, the weighted average selling price of coal concentrate decreased by 6% in Russian rouble terms vs. Q1 2015. Compared to Q2 2014, the weighted average price of coal concentrate increased by 44% in Russian rouble terms.

 In Q2 2015 the selling price of coal concentrate in the domestic market increased by

20% in Russian rouble terms. The completion of the longwall move at the Raspadskaya-Koksovaya mine helped to increase the share of premium K and KO coal grades in the sales mix, which partly offset the decrease in the export prices.

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1 K grade coal - equivalent of hard coking coal under the international classification.

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Raspadskaya is a compact integrated coal mining and enrichment complex located in the Kemerovo region of Russia. The company comprises three underground mines, one open-pit operation, a coal preparation plant, as well as a coal transportation network and a number of integrated infrastructure companies. Raspadskaya is a subsidiary of a vertically integrated steel, mining and vanadium company EVRAZ.

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For further information please visit www.raspadskaya.comor contact:

Galina Коvalchuk

Mezhdurechensk +7 38475 4 65 30

Vsevolod Sementsov

London +44 207 832 8998

Moscow +7 495 937 6871

pressa@raspadskaya.com

Kirill Vinokurov

London +44 207 832 8990

Moscow +7 495 232 1370

ir@raspadskaya.ru

Information provided in this press release presents expected results of OAO Raspadskaya operations for the period. It was produced based on the latest preliminary unaudited operational and financial data. The information represents a preliminary assessment only, which might be further adjusted based on financial, fiscal and business reporting once it becomes available. The information regarding our operating results in this press release depends on many external factors and therefore, provided all permanent obligations and best practices under international listing rules are unconditionally observed, can not qualify for accuracy and completeness and should not be regarded as an invitation to buy shares of OAO Raspadskaya. Therefore, the actual results and indicators may significantly differ from any declared or forecast operation results. OAO Raspadskaya assumes no obligation and expressly declares that it has no such obligation to update or change any declarations concerning any future results, both due to new information obtained, any future events or for any other reasons.

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