Moscow, Russia — September 30, 2010 — Mechel OAO (NYSE: MTL) announces that it intends to release its financial results for the first half ending June 30, 2010, on Tuesday, October 5, 2010. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcasted live over the Internet. Yevgeny Mikhel, Chief Executive Officer, will host the call.

The conference call will take place at the following times:

Tuesday, October 5, 2010

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, Vladislav Zlenko.

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.