MECHEL REPORTS SINGING PROTOCOL OF INTENT WITH KYRGYZSTAN’S KYRGYZ TEMIR ZHOLU
Moscow, Russia – December 15, 2017 – Mechel PAO (MOEX: MTLR; NYSE: MTL), one of
the leading Russian mining and metals companies, reports signing a protocol of
intent on development of ties between Mechel-Steel Management Company OOO and
Kyrgyzstan’s National Company Kyrgyz Temir Zholu.
The protocol was signed in Bishkek on the sidelines of the Sixth Russian-Kyrgyz
Inter-Region Conference for a term of five years, in the presence of the
co-chairmen of the Intergovernment Russian-Kyrgyz Commission on Trade, Economic,
Science, Technical and Humanitarian Cooperation, Russia’s Deputy Prime Minister
Arkady Dvorkovich and Kyrgyzstan’s Deputy Prime Minister Tolkunbek Abdygulov.
According to this protocol, the signatories will aim at building systematic
cooperation, including product information exchange, as well as cooperation in
steel rolls supplies, including those of broad-gauge rails.
“We are interested in developing partner ties and expanding the market for our
rails. We sincerely hope that signing this protocol of intent will start a
long-term and mutually beneficial cooperation with Kyrgyz Temir Zholu,”
Mechel-Steel Management Company OOO’s Chief Executive Officer Andrey Ponomarev
commented.

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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. 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.