MECHEL ANNOUNCES NEW APPOINTMENTS

Moscow, Russia – September 21, 2009 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the appointment of new Managing
Director at Korshunov Mining Plant OAO, which is a part of the company’s
subholding structure Mechel Mining.
Boris Sedelnikov (51) has been appointed Managing Director of Korshunov Mining
Plant OAO from September 21, 2009. Mr. Sedelnikov succeeds Yuriy Efimenko, who
will proceed to work in Mechel Mining Management Company OOO as Deputy General
Director and Director of HR Department.
Prior to his appointment, Mr. Sedelnikov worked as Deputy General Director and
Director of Operational and Technical Department of Mechel Mining Management
Company OOO from August 2009 to September 2009. In 2008 - 2009 he was Director
of Mining and Technical Department of Mechel Mining Management Company OOO. Mr.
Sedelnikov held various positions in Yakutugol HC OAO from 2002 to 2008, his
last position there was Technical Director. In 1985-2002, he worked at Neryungri
Open Pit Mine, Yakutugol Coal Mining Production Association rising from drilling
machine operator assistant to Deputy Director of Operations.
Mr. Sedelnikov graduated from Kuzbass Polytechnic institute with a degree in
mining engineering. He also had professional retraining course at the Academy of
National Economy under the Government of the Russian Federation and received
qualification in Company Development Management.
Mechel OAO Senior Vice President Vladimir Polin commented on the appointment:
“Mr. Sedelnikov has been working at Mechel’s subsidiaries in the field of mining
for many years. He has proved himself as a perfect specialist having excellent
education, deep knowledge and extensive practical experience. I am sure he will
continue successful work aimed at cost reduction and increase of production
performance at Korshunov Mining Plant and fulfill all the tasks set by the
Group.”
Mr. Polin continued: “Mechel is committed to modern management technologies and
one of these methods is rotation of managerial personnel. We seek to give our
managers opportunity to fulfill their potential to the fullest extent, to try
themselves in managing various subsidiaries, and to rise to the level of the
holding companies inside the Group. Such managers experienced in strategic
activities are also beneficial for the subsidiaries as these managers are able
to set up and fulfill tasks taking into account the needs of the entire Group,
they can look at the existing problems at a new angle and hence they may find
optimal ways to resolve them.”
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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, 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.