Moscow, Russia – May 18, 2022 – Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports that the Russian Government’s foreign investment control commission granted the company permission to continue having its ADRs circulated abroad in compliance with foreign law.

In accordance with Russia’s law N114-F3 “On changes to the federal law on joint-stock companies and other certain laws” which came into force on April 27, 2022, and the Russian Government’s decision #672, dated April 16, 2022, Mechel PAO applied to Russia’s Ministry of Finance with a request for a permission to maintain its depositary receipts programs. The Russian Government’s foreign investment control commission decided to allow the company to maintain its depositary receipts circulation abroad. 

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