MECHEL REPORTS NEW MANAGEMENT APPOINTMENTS

Moscow, Russia — June 13, 2012 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports the appointment of Sergei Zhilyakov
as the Chief Executive Officer of Mechel Ferroalloys Management OOO.
Sergei Zhilyakov was appointed Chief Executive Officer of Mechel Ferroalloys
Management OOO. He will be tasked with operational control over the group’s
ferroalloys division enterprises. His predecessor at this post, Gennady
Ovchinnikov, was appointed Chief Executive Officer of Donetsk
Electrometallurgical Plant, which is also part of Mechel.
Sergei Zhilyakov has 37 years of experience in electrometallurgy and ferroalloys
and is well acquainted with the specifics of Mechel’s ferroalloys business, as
in 2008-2009 he served as deputy chief executive officer in Mechel Ferroalloys
Management OOO. Before then, since 2006 Mr. Zhilyakov headed the department
responsible for development of the group’s ferroalloys business.
Gennady Ovchinnikov is one of Mechel’s most experience top managers, who as
chief of the ferroalloys division has done much for its stable development. Now
his experience and knowledge will be employed at the post of the chief executive
officer of Donetsk Electrometallurgical Plant — a new asset which joined the
group in December 2011. Mr. Ovchinnikov will focus on strategic issues of
developing the enterprise, the plant’s successful integration into the steel
division and work by Mechel’s standards. He will tackle the main tasks facing
Donetsk Electrometallurgical Plant today, such as increasing the enterprise’s
efficiency and output of high-tech products.
Mr. Zhilyakov, 58, was head of Rusal Global Management B.V. ZAO’s production
department in April-October 2011. In 2008-2009 he was deputy chief executive
officer and head of the production and technical policy department at Mechel
Ferroalloys Management OOO. In 2006-2008, he consequently headed the capital
construction department, was deputy chief of the department for reconstruction
and development of Mechel’s steel and ferroalloys complexes, and headed the
ferroalloys production development department at Mechel Management Company OOO.
In 2000-2006, he was first deputy director of Sibelectrosplav OOO. Since 1975
and until 2000, he worked at Kuznetsk Ferroalloys Plant, working his way up from
a smelter to a chief executive officer and chairman of the management board. Mr.
Zhilyakov graduated Sibirsky Metallurgical Institute, specializing in black
metallurgy. He has been awarded with the state Order of Friendship and is the
Honored Metallurgist of the Russian Federation.
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Mechel OAO
Maria Kolmogorova
Tel: + 7 495 221 88 88
maria.kolmogorova@mechel.com

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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.