MECHEL REPORTS NEW MANAGEMENT APPOINTMENT

Moscow, Russia – August 18, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that Alexey Ivanushkin was
appointed First Deputy Chief Executive Officer.
Alexey Ivanushkin will be in charge of Mechel’s strategic development issues,
optimizing the company’s structure and disposal of non-core assets.
“Alexey Ivanushkin is a highly qualified manager who has been with the company
since its founding. With him at the helm, Mechel has become a vertically
integrated industrial holding. In 2013, he concluded a successful deal on sale
of the Group’s ferroalloy assets and will now take charge of one of our most
complicated tasks — disposal of the company’s non-core assets. Thus, Alexey
Ivanushkin’s responsibilities will in the broad sense include implementation of
the company’s development strategy,” Mechel OAO’s Chief Executive Officer Oleg
Korzhov noted.
Prior to his appointment, Alexey G. Ivanushkin has been working as the Chief
Executive Officer of Oriel Resources Ltd (part of Mechel Group) since 2009. He
served as Mechel’s Chief Operating Officer from 2004 to 2009. From 2003 to 2004
Mr. Ivanushkin held the position of Mechel Steel Group OAO Chief Executive
Officer. From 1999 to 2002 Mr. Ivanushkin served as the Chief Executive Officer
of Chelyabinsk Metallurgical Plant. From 1993 to 1999 he was employed as the
Director of the Department of Ferrous Metals and Ferroalloys in the Moscow
office of Glencore International AG.

Mr. Ivanushkin has a degree in economics and international relations from the
Moscow State University of International Relations (MGIMO).
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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 70,000
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.