Moscow, Russia– June 30, 2017 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports the decisions made by the annual general shareholder meeting held today.

The shareholders decided on the following:

• not to pay an annual dividend with respect to ordinary shares;
   
• to pay an annual dividend of 10.28 rubles per one preferred share (approximately 0.17 US dollars per one preferred share and 0.09 US dollars per one preferred ADR*);
   
• to make the list of persons entitled to receive dividends for 2016 based on the data in the Mechel PAO Shareholders’ Register as of July 11, 2017;
   
• to make the payment by bank transfer within the time period and according to form prescribed by Russian law;
   
• to allocate 1,426,421,086.20 rubles (approximately 24,139,805.15 US dollars*) for payment of dividends for listed preferred shares, and leave the remainder of accumulated profit from previous years (18,232,323,119.96 rubles, approximately 308,551,753.60 US dollars*) unallocated.
   
• to elect to the Board of Directors:
  1. Igor V. Zyuzin
  2. Oleg V. Korzhov
  3. Georgy G. Petrov
  4. Alexander N. Kotsky
  5. Alexander D. Orischin
  6. Viktor A. Trigubko
  7. Alexander N. Shokhin
  8. Tigran G. Khachaturov
  9. Yury N. Malyshev

*Based on the Russian Central Bank exchange rate of 59.09 RUR/$ as of June 30, 2017.

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com