MECHEL ANNOUNCES ESTABLISHING ITS AGENCY IN THE REPUBLIC OF KOREA
Moscow, Russia – August 25, 2009 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces establishing its official
representative office in Seoul, the Republic of Korea.
Currently Mechel’s representative office in the Republic of Korea (South Korea)
is the first Russian corporate representative office in the mining and metals
industry in the country. Other large Russian companies having permanent
representative offices in South Korea are Russian Technologies State Corporation
and Aeroflot national air carrier.
The representative office of the company will support Mechel’s business in the
Republic of Korea, interact directly with South Korean partners, promote
establishing new business contacts and assist in broadening Mechel’s activities
in South Korea.
Mechel OAO representative office in the Republic of Korea is located at the
address: No. 202, 146-5 LOFT Building, Samsung-Dong, Kangnam-Ku, Seoul, Korea,
135-878. Tel: +82-10-2301-0277. Dmitry Sokolov is appointed Director of the
representative office.
Mechel OAO pays much attention to broaden its business geographically.
Asia-Pacific region, including South Korea, is one of the priority directions in
Mechel’s business development. Thus in February, 2009 within a visit to South
Korea of the Russian governmental delegation, Mechel signed a long-term
agreement with Hyundai Steel of South Korea, providing annual supply of coking
coal.
In addition to South Korea, Romania and Republic of Bulgaria are the countries
of successful operation of Mechel’s representative offices.
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Mechel OAO
Ilya Zhitomirsky
Phone: + 7 495 221 88 88
ilya.zhitomirsky@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, steel, rolled products, ferroalloys, 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.