MECHEL REPORTS RESTRUCTURING LOAN WITH VTB

Moscow, Russia — September 09, 2015 – Mechel OAO (MICEX: MTLR, NYSE: MTL), one
of the leading Russian mining and metals companies, reports restructuring its
loan with VTB Bank totaling approximately 70 billion rubles.
Mechel OAO and the group’s enterprises – Southern Kuzbass Coal Company OAO,
Yakutugol Holding Company OAO and Chelyabinsk Metallurgical Plant PAO – act as
borrowers on the loans.
The loan agreements set the grace period until April 2017 and loan maturity in
April 2020 to be paid in monthly installments.
“I am glad that our complicated negotiations with Mechel are successfully over.
I hope that the banks' new conditions will allow Mechel Group, which we have
worked with for many years, continue implementation of its investment projects
and fulfill all its obligations,” President and Chairman of VTB Bank Management
Board Andrey Kostin said.
“We are grateful to VTB for its support. This restructuring will enable the
company to service its debt even in these times that are difficult for the
global commodity market. Mechel will do all it can to fulfill its obligations in
compliance with the agreements we have reached and will continue the development
of our Far East projects,” Chairman of Mechel OAO’s Board of Directors Igor
Zyuzin said.
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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 67,000 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.