MECHEL ANNOUNCES BOARD OF DIRECTORS’ RESOLUTIONS

Moscow, Russia — April 22, 2013 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the resolutions of Mechel OAO’s
Board of Directors.
The Board of Directors of Mechel OAO (the Company) held a meeting on April 19,
2013. The following resolutions were adopted at the meeting:
1. To convene the Annual General Shareholders’ Meeting of Mechel OAO on June 28,
2013. The General Shareholders’ Meeting will be held at: 1 Krasnoarmeyskaya
str., Moscow, Russian Federation, in the conference hall, at 14:00 local time.
2. To approve the following agenda for the Annual General Shareholders’ Meeting:
- Approval of the Company’s Annual Report.
- Approval of the Company’s Annual Financial Statements.
- Distribution of the Company’s profit, including payment (declaration) of
dividends, based on the results of the financial year.
- Election of members of the Company’s Board of Directors.
- Election of members of the Company’s Review Commission.
- Approval of the auditor of the Company.
- Approval of the revised Charter of the Company.
- Approval of the revised Bylaw on Awards to the Board of Directors of the
Company and Compensation of Expenses Linked to Their Functions as Members of the
Board of Directors.
- Approval of related-party transactions.
3. To prepare the list of the shareholders eligible to take part in the Annual
General Shareholders’ Meeting based on the data in the Shareholders’ Register as
of May 17, 2013.
The Board of Directors determined the procedure of announcing to the
shareholders of the Annual General Shareholders’ Meeting, the text of this
announcement, the list of information materials to be offered to the
shareholders in preparation for the Annual General Shareholders’ Meeting and the
procedure for providing such materials.
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Mechel OAO
Anton Lapin
Tel: + 7 495 221 88 88
antonlapin@mechel.ru

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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, ferrochrome, ferrosilicon, steel, rolled products,
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.