MECHEL ANNOUNCES NEW APPOINTMENTS

Moscow, Russia – July 08, 2009 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces new appointments to executive
positions at its subsidiaries.
Igor Khafizov (42) was appointed Managing Director of Yakutugol OJSHC in order
to provide successful performance of Yakutugol’s complex development projects.
Vladimir Dronov, who headed this enterprise previously, will continue working
for Mechel’s Moscow corporate structures.
Prior to this appointment Mr. Khafizov worked as Mechel Mining Management
Company OOO CEO from February till July 2009. From April 2008 to February 2009
he worked at the positions of Mechel Mining OAO Chief Executive Officer and
Mechel Mining Management Company OOO Chief Executive Officer. Since December
2007 Mr. Khafizov was General Director at Yakutugol OJSHC. Previously, Mr.
Khafizov held positions in Mechel’s Southern Kuzbass OAO coal mining subsidiary
as Managing Director from February 2006 to May 2008; Mechel’s Korshunov Mining
Plant OAO iron ore mining subsidiary as Managing Director from January 2006 to
February 2006; and Mechel’s Korshunov Mining Plant OAO iron ore mining
subsidiary as its General Director from 2003 to 2006. From 1992 to 2003, he held
various positions at Mechel’s Korshunov Mining Plant. Mr. Khafizov graduated
from Urals Mining Institute with a degree in Mining Engineer. He is a recipient
of the “Miner of Russia” gold badge.
“Igor Khafizov always works at the frontline and most important positions at the
mining segment of Mechel’s business. He is efficient and experienced manager and
well aware in mining; as well he gained great respect from miners working at
Mechel’s mining plants. Nowadays Yakutugol performs several complicated projects
which are crucially important for the Group. Primarily we speak about railway
construction from Ulak railroad station to Elga coal deposit and building of the
Elga open-pit mine. We focus our management’s efforts on this Group’s largest
investment project, which has significant importance not only for Mechel and
Republic of Sakha (Yakutia), but for the whole Russian economy as well.
Yakutugol is also to provide restoration and growth in coking coal concentrate
production, including fulfillment of new contracts’ obligations for coal supply
that have been recently signed with China, Japan and South Korea. In this
situation Igor Khafizov’s knowledge and management skills become vitally
important for the future of not only Yakutugol, but for Mechel’s mining segment
in whole”, Mechel OAO Senior Vice president Vladimir Polin noted.
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Mechel OAO
Ilya Zhitomirsky
Phone: + 7 495 221 88 88
ilya.zhitomirsky@mechel.com

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Mechel is one of the leading Russian companies. Its business includes four
segments: mining, steel, ferroalloy, and power. Mechel unites producers of coal,
iron ore concentrate, nickel, steel, rolled products, ferroalloys, hardware,
heat and electric power. Mechel products are marketed domestically and
internationally.
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Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.