ESR Standalone Financials FY ending 31 Dec 2010

ezzsteel Reports ESR Standalone Financials

Cairo, 19 July 2011 - ezzsteel (formerly: Al Ezz Steel Rebars S.A.E.) (EGX: ESRS; London Stock Exchange: AEZD), the largest independent producer of steel in the MENA region, today disclosed the financial performance of ESR on a standalone basis for the full year ending 31 December 2010.

The publication of the consolidated financial performance for the whole company is reliant on the Board of EZDK approving EZDK's financial results. ezzsteel now expects that this will happen on, or around, the 24 July 2011. Following this, ezzsteel expects to be able to announce its consolidated results one week later.

http://www.rns-pdf.londonstockexchange.com/rns/6125K_1-2011-7-18.pdf 

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About ezzsteel

ezzsteel (formerly: Al Ezz Steel Rebars) is the largest independent steel producer in the Middle East and North Africa, and the Egyptian market leader, with a total actual capacity of 5.8 million tonnes of finished steel. In 2009, the Company produced 3.3 million tonnes of long products (typically used in construction) and 1.0 million tonnes of flat products (typically used in consumer / industrial goods). ezzsteel's customer base is geographically diversified, with flat products directed to export markets, whereas long products are sold in the domestic market. More than 50 per cent of its plants are less than 10 years old, using the latest in modern steel making technology.