Moscow, Russia – November 26, 2014 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports extending the maturity of its loans from Uralsib Bank, which have earlier been given to Beloretsk Metallurgical Plant OAO and Urals Stampings Plant OAO.

Mechel Group’s enterprises – Beloretsk Metallurgical Plant OAO and Urals Stampings Plant OAO – signed agreements with Uralsib Bank for refinancing the loans earlier received from the bank totaling some 72 million US dollars. According to the new agreements, Uralsib Bank will provide Beloretsk Metallurgical Plant OAO and Urals Stampings Plant OAO with new loans for an equivalent amount in rubles, which will mature in 2016.

***

Mechel OAO

Ekaterina Videman

Phone: +7 495 221-88-88

ekaterina.videman@mechel.com