Moscow, Russia — July 09, 2009 — Mechel OAO (NYSE: MTL) announces that it intends to release its results for the first quarter ending March 31, 2009, on Friday, July 10, 2009. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Vladimir Polin, Senior Vice President, will host the call.

The conference call will take place at the following times:

Friday, July 10, 2009

6:00 PM Moscow Time

3:00 PM London Time

10:00 AM New York Time

Please call the number below approximately 15 minutes prior to the scheduled time of the call, quoting Mechel, and the chairperson name, Alexander Tolkach.

Conference Call Phone Numbers:

US: +1 866 966 5335

International: +44 203 003 2666

Listeners can access the conference call live over the Internet through a link on Mechel's web site at https://www.mechel.com/investors/fresults/index.wbp

Please allow 15 minutes prior to the call to visit the site and download and install any necessary audio software. Additionally, a replay of the webcast will be available on our web site.