MECHEL REPORTS CREATING SPECIAL COMMITTEE
OF BOARD OF DIRECTORS

Moscow, Russia — April 11, 2016 – The Board of Directors of Mechel PAO (MICEX:
MTLR, NYSE: MTL), one of the leading Russian mining and metals companies,
decided to create a Special Committee of the Board.
The Board of Directors tasked the newly created Committee with examining the
deals with lender banks that had been presented for approval to Mechel PAO’s
extraordinary general shareholders’ meeting for the second time, employing an
independent consultant to obtain a fairness opinion and prepare recommendations
on the said deals to Mechel PAO’s general shareholders’ meeting on the basis of
the said fairness opinion.
The Special Committee includes all of the company’s Board of Directors’
independent members:
•	Vladimir Korovkin, president of the Committee
•	Alexander Orischin, member of the Committee
•	Vladimir Gusev, member of the Committee
•	Alexander Kotsky, member of the Committee
•	Yuri Malyshev, member of the Committee.
Mechel PAO’s extraordinary general shareholders’ meeting will take place on May
26, 2016.

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Mechel PAO
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.