MECHEL REPORTS JOINT PROJECT WITH RUSSIA’S FEDERAL LABOR AND EMPLOYMENT SERVICE

Moscow, Russia — April 10, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the launch of a pilot project on
stepping up the efficiency of measures for improvement of labor conditions at
the Group’s enterprises.
The project will be implemented jointly with Russia’s Federal Labor and
Employment Service as part of that agency’s new activity model – Open Labor
Inspection, which is due to be set up in the Russian Federation by 2018.
Mechel Group was chosen for implementing this project as one of Russia’s major
employers, with activities involving diversified industrial facilities.
As part of the project, a monitoring will be held in 2014, analyzing work
conditions and labor safety systems in 21 of Mechel’s facilities. As a result, a
comprehensive plan for improving work conditions will be designed, taking into
account the newest amendments to Russian labor law.
“We are grateful to Russia’s Labor and Employment Service for choosing Mechel as
one of Russia’s major employers for testing their new project. Our company
consistently implements promotion programs for our personnel, educational and
social programs. We invest a lot of effort into creating comfortable work
conditions for our employees and strictly comply with all labor law
requirements. Implementing this project will enable us to improve work
conditions and efficiency of our employees’ labor safety activities,” Mechel
OAO’s Vice-President for Human Resources and Social Policy Elena Selivanova
commented.
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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 over 80,000
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.