Board of Directors

Alexander Vagin is the Chairman of the Board of Directors of Raspadskaya and Deputy General Director of Raspadskaya Coal Company.

Mr. Vagin started his career in Raspadskaya Mine in 1983.

He was elected Chairman of the Board of Directors of Raspadskaya in 1993.

Mr. Vagin took up the post of First Deputy General Director of Raspadskaya Coal Company in 2004.

Alexander Vagin graduated from Kuzbass Polytechnic Institute. He received a degree in mining.

Mr. Abramov has served in similar roles with Evraz or its predecessors since founding EvrazMetal, the predecessor of Evraz (the "Original Group"), in 1992. Until January 1, 2006, he was Chairman of the Board and CEO, until May 1, 2006 – Chairman of the Board. Since May 2006 Mr. Abramov has been a non-executive member of the Board. Mr. Abramov is also a member of the Boards of Directors of NTMK and ZapSib. Mr. Abramov previously worked at the Institute of High Temperatures of the USSR Academy of Sciences. Mr. Abramov graduated from the Moscow Institute of Physics and Technology with a first-class honors degree in 1982, and he holds a Ph.D. in Physics and Mathematics. Mr. Abramov is a Bureau member of the Council of Entrepreneurs and a member of the Council of Entrepreneurs set up by the Government of the Russian Federation.

Mr. Frolov is responsible for strategy and business development, finance, corporate affairs and communications, business process, human resource, legal and IT. He joined the group in 1994, and subsequently held various positions at EvrazMetal. Mr. Frolov also served as Chief Financial Officer of Evraz from 2002 to 2004. Prior to joining Evraz, Mr. Frolov worked as a research fellow at the I.V. Kurchatov Institute of Atomic Energy. Mr. Frolov graduated from the Moscow Institute of Physics and Technology with a first-class honors degree in 1987, and he received a Ph.D. in Physics and Mathematics in 1991 from the Moscow Institute of Physics and Technology.

Gennady Kozovoy has been General Director of Raspadskaya Coal Company since 2003.

Mr. Kozovoy joined the company in 1978. He worked as a miner, a mining manager and General Production Manager from 1982 to 1991.

He held the positions of Chairman of the Supervisory Board from 1991 to 1993 and General Director of Raspadskaya from 1993 to 2003.

Mr. Kozovoy graduated from Irkutsk Polytechnic Institute in 1978 with a degree in Electrification and Automation of Mining Operations. He also holds a Ph.D in Technical Sciences.

Mr. Schaffalitzky is Managing Director of Eurasia Mining Plc, a company specializing in geological exploration and development of precious metals resources in Russia.

Mr. Schaffalitzky has extensive experience in preparation and realization of programs in this sector, as well as broad experience in business administration.

His background entails more than 30 years of production experience in various countries throughout the world, including working at Aquitane Mining (a subsidiary of Elf Aquitane Group), and then at his own firm Crowe, Schaffalitzky and Associates (CSA).

Jeffrery Robert Townsend has significant experience in auditing and consulting, first at Touche Ross in Great Britain and then in Germany with Treuverkehr and KPMG Deutsche Treuhand-Gessellschaft, where he became a partner in 1984.

Mr. Townsend has been working in Moscow since 1995.

Mr. Townsend is a graduate of Oxford and since 2005 has been a Member of the Board of Directors and Chairman of the Audit Committee at TMK.

He was one of the consultants in the privatization process in East Germany and participated in the reform of the bookkeeping system of the USSR, and subsequently Russia and other CIS countries. He currently chairs a work group responsible to audit reform in Russia as a part of the Tacis program.

Ilya Lifshits is an attorney, certified auditor and member of the Moscow Lawyers Chamber. A graduate of Moscow State University, in 1991 he began working as a lawyer for Edas Consulting, where he became a partner in 1999. He oversees business law, specializing in such areas as mergers and acquisitions, capital markets and taxation, among others.