MECHEL ANNOUNCES ESTABLISHING ITS REPRESENTATIVE OFFICE IN JAPAN

Moscow, Russia – October 5, 2009 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces establishing its official
representative office in Tokyo, Japan.
The date of official opening of Mechel’s representative office in Japan is
October 1, 2009.
The representative office of the company will support Mechel’s business in
Japan, including conducting market researches, arranging meeting with partners
and searching for new ones, advertising the Group’s products, and performing
representative functions.
Mechel OAO representative office in Japan is located at the address: №302
Atagoyama Bengoshi Building 1-6-7 Atago Minato-ku, Tokyo 105-0002.
Availability of Mechel Group’s own international representative offices network
is one of its important competitive advantages. Mechel’s offices in various
countries of the world enable it to carefully monitor regional markets’
fluctuations and to be prepared for changes in such markets’ demands and start
supplies of necessary products to the customers promptly.
Mechel has long-standing partnership relations with Japanese consumers of its
products. It supplies coking and steam coal concentrates produced by its
Yakutugol subsidiary as well as ferrosilicon and ferrochrome to Japan. Mechel’s
new representative office is already the second company’s office in the
Asia-Pacific region. Previously, in August 2009, Mechel opened its
representative office in Seoul, the Republic of Korea (South Korea).
In addition to Japan and South Korea, Romania and Republic of Bulgaria are the
countries of successful operations of the company’s representative offices.
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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, 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.