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Mechel Announces New Executive Appointments

Profiles:

Andrey D. Deineko

2007-2012 – CEO at Mechel Steel Management Company,

2005-2007 – Head of Industry Department at the Russian Ministry of Industry and Energy, 2004-2005 – Deputy Head of Industry Department at the Russian Ministry of Industry and Energy, 2002-2004 – Head of Department of Industrial Innovation Policy in Steelmaking at the Russian Ministry of Industry, Science and Technology, 1999-2002 – Deputy Plant Manager at the Oskol Electric Arc Furnace Plant, 1998-1999 – Deputy Managing Director at Interfin Interbank Investment and Finance Company, 1997-1998 – Procurement Director at West Elite, 1976-1997 – engineer, senior engineer, senior researcher, chief of laboratory, team manager, deputy director at the Bardin Central Research and Development Institute of Ferrous Metallurgy. Holds an Honourable Metallurgist title. Holds a graduate degree in metallurgical engineering and a post graduate degree from Moscow Institute of Steel and Alloys. PhD in engineering science. Born in 1953.

Vladimir I. Tytsky

2006-2012 – CEO at the Moscow Coke and Gas Plant,

2003-2006 – Group Senior Vice President for Strategy and Integration at Mechel,

2002-2003 – First Deputy Managing Director at Coalmet Trading, 

1972-2002 – a number of roles at the Chelyabinsk Metallurgical Plant. Last position held – Deputy Head for Sales and Marketing.

Holds a graduate degree in chemical process engineering from Dnepropetrovsk Metallurgical Institute.

Holds an Honourable Metallurgist title.

Moscow Region Duma deputy. Born in 1950.

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.

The Mechel OAO logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8181

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.

CONTACT: Mechel OAO
         Pavel Taran
         Phone: +7 495 221-88-88
         E-mail: pavel.taran@mechel.com

Mechel OAO Logo

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