Moscow, Russia – July 1, 2022 – Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the decisions made by the annual general shareholder meeting held on June 30 by correspondence.

The shareholders decided on the following:

• not to pay dividend with respect to both ordinary and preferred shares and to leave the profit of year 2021 (466,825,602.72 rubles) unallocated;

• to elect to Mechel PAO’s Board of Directors:
  1.    Igor V. Zyuzin
  2.    Oleg V. Korzhov
  3.    Georgy G. Petrov
  4.    Alexander N. Kotsky
  5.    Alexander D. Orishchin
  6.    Irina N. Ipeeva
  7.    Yuriy N. Malyshev
  8.    Ivan F. Glumov
  9.    Nelli R. Galeeva

• to approve Mechel PAO’s revised charter;

• to approve Energy Consulting AO as Mechel PAO’s auditor. 

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