MECHEL REPORTS MANAGEMENT CHANGE

Moscow, Russia — December 23, 2015 – Mechel OAO (MICEX: MTLR, NYSE: MTL), one of
the leading Russian mining and metals companies, reports the appointment of
Natalia Trubkina as the company’s human resources director. Prior to her
appointment, she headed the human resources department of the Group’s steel
division.
In her new post, Natalia Trubkina will supervise the operations of all
departments that are part of Mechel’s HR management. Elena Selivanova, who
headed this line of work as vice-president for human resources and social
policy, is leaving her post. The position of vice-president for human resources
and social policy will no longer exist in the company.
“Natalia Trubkina is highly experienced in personnel management, particularly in
the mining and steel industry. Her appointment was entirely logical, as she has
proved, in her capacity as our steel division’s HR director, that she can
efficiently solve issues of any complexity. I sincerely welcome Natalia to the
Group’s top management team! At the same time, I am grateful to Elena Selivanova
for her loyalty to Mechel and the contribution she made to the company’s
development,” Mechel OAO’s Chief Executive Officer Oleg Korzhov said.
Natalia Trubkina headed Mechel-Steel Management Company OOO’s HR department
since 2009. In 2009, she was HR director in Soyuzmetallresurs Management Company
ZAO. In 2006-2009, she headed the HR department of RUSAL’s secondary alloys
business. In 2004-2006, she worked as RUSAL’s HR manager. In 2003-2004, she
worked as HR manager in Texas Nafta Industries Inc.’s representative office. In
1994-2002, she was HR manager in Belpromstroibank OAO.
Natalia Trubkina graduated Novopolotsk Polytechnic Institute’s construction
school and Moscow State University’s psychology department.

		***
Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
Ekaterina.videman@mechel.com


***
Mechel is an international mining and steel company which employs 67,000 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.
***
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.