MECHEL ANNOUNCES MANAGEMENT CHANGES

Moscow, Russia — March 13, 2013 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces a new executive appointment.
Andrey Kocherov, 39, is appointed Mechel OAO’s Vice-President for Public and
Investor Relations.
Mechel OAO’s Chief Executive Officer Evgeny Mikhel noted:
“We gladly welcome Andrey Kocherov to our company’s team. Giving this sector its
own status apart and appointing a skilled professional manager to this post
proves our intention to keep our target audiences informed of our company’s
current and future activities in the most transparent and open way possible.”
Prior to his appointment, since January 2011 Mr. Kocherov headed the
communications department of Alfa-Group Consortium’s A1 investment company.
Before that, since November 2009 he was head of Uralkali OJSC’s external
communications department. In 2007-2009, he was department chief at Uralchem
Holding P.L.C. In 2007, he worked as chief executive officer’s deputy for public
relations in Renova Group’s Energoprom Management company. In 2000-2007, he
worked in Sibirsky Aluminium Group, later transformed into Basic Element, and
its structures in various capacities, including head of the company’s
press-service and head of its public relations department. In 1999-2000, he
worked in Itera oil and gas company’s information and analytics department. In
1997-1998, he was press secretary to the chairman of Russian State Duma’s
under-committee for fuel resources.
Throughout his career Mr. Kocherov was responsible for reputation support of
various companies, corporate media management, corporate communications and
implementation of various PR projects, including large-scale ones.
Mr. Kocherov graduated from Russian Defense Ministry’s Military University with
a degree in foreign military information and journalism.

***
Mechel OAO
Anton Lapin
Tel: + 7 495 221 88 88
antonlapin@mechel.ru

***
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.
***
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.