RUSSIAN PRESIDENT VLADIMIR PUTIN CONGRATULATED YAKUTUGOL HOLDING COMPANY OAO’S
EMPLOYEES ON THEIR PROFESSIONAL HOLIDAY IN LIVE VIDEO-LINK
Moscow, Russia – August 21, 2012 –  Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that Russian President Vladimir
Putin spoke through a live video-link with Elga Coal Complex’s employees.
As part of a ceremony celebrating Miner’s Day, Vladimir Putin congratulated coal
industry workers with their professional holiday.
The ceremony included a video-link that involved employees of Yakutugol Holding
Company OAO, part of Mechel Mining OAO, participating in Mechel’s most important
project — development of the Elga coal deposit, one of the world’s largest
coking coal fields.
Vladimir Putin said that Elga Open Pit’s team had managed to make great progress
in a short period of time, and that he remembered well how the project evolved
right up from the licensing process.
“This is a very important and a very promising project for the entire industry,
but what is essential and most pleasant is that it develops our Far East
territories and allows us to work efficiently not only to benefit our own
economy and our country, but also the Asia Pacific  markets,” the president
noted.
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Mechel OAO
Maria Kolmogorova
Phone: + 7 495 221-88-88
maria.kolmogorova@mechel.com
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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.
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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.