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)

***

Mechel OAO

Ekaterina Videman

Phone: + 7 495 221 88 88

ekaterina.videman@mechel.com