Moscow, Russia – May 5, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports its intention to restructure 17, 18 and 19 series of Mechel PAO's bonds.

 The company intends to offer holders of 17-series bonds (State registration number 4-17-55005-E, dated 10.08.2010), 18-series bonds (state registration number 4-18-55005-E, dated 10.08.2010) and 19-series bonds  (state registration number 4-19-55005-E dated 10.08.2010) to introduce changes in the current payment schedule and reconsider the order of determining the coupon rate for future periods.

VTB Capital AO, Gazprombank (AO) and Svyaz-Bank AKB PAO act as the company's restructuring agents.

Those bondholders who wish to be kept informed of the restructuring process are requested to send to these addresses: bonds@vtbcapital.com, bondsbook@gazprombank.ru, bonds@sviaz-bank.ruthe following information to ensure coordination of further actions:

•     name of holder (for persons - full name)

•     series and number of bonds held;

•     in case the holder is not a MICEX trade participant (acts through broker) - name of broker the holder uses to trade in bonds;

•     holder's contacts, including telephone number and email address.

Information on the restructuring process will be published on the company's website at www.mechel.ru/shareholders/bonds 

The date for the bondholders' meeting will be announced separately.