MECHEL ANNOUNCES MANAGEMENT CHANGES

Moscow, Russia — April 01, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces a new executive appointment.
Valery Sheverdin, 50, is appointed Mechel OAO’s Vice-President for Corporate
Security.
“In the seven years that Valery has been working in our company, he has proved
himself an excellent professional and experienced leader, capable of tackling
the most complicated tasks. I am sincerely happy to welcome him to our top
management and wish him further successes in his work,” Mechel OAO’s Chief
Executive Officer Oleg Korzhov noted.
Prior to his appointment, since June 2009 until March 2014 Mr. Sheverdin headed
Mechel OAO’s corporate security division. In April 2011 – March 2014, he was
chief executive officer of Mechel-Garant OAO. Prior to that, since July 2007 he
headed Mechel-Tsentr, a private security company. In April 2003 – June 2007 Mr.
Sheverdin was deputy division chief at Lukom-A Agency ZAO. In February 2001 –
March 2003 he was chairman of Russian Fund for Social Progress. In 1981-1995 Mr.
Sheverdin served in Russia’s armed forces.
Mr. Sheverdin graduated from Higher Military Command School for Artillery in
Kolomna with a specialty in command, tactical and artillery armament, as well as
Russian Federal Security Service’s Moscow Military Institute for Border Troops
with a degree in law.
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company which employs over 80,000
people. Its products are marketed in Europe, Asia, North and South America,
Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled
products, ferroalloys, heat and electric power. All of its enterprises work in a
single production chain, from raw materials to high value-added products.
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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.