Moscow, Russia – July 1, 2015 – Mechel OAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces the decisions of its Annual General Shareholders’ Meeting held on June 30, 2015.

The following key resolutions were adopted by shareholders at the meeting:

• To approve the Company’s Annual Report for 2014.
• To approve the Company’s Annual Financial Statements inclusive of the Income Statement (Profit and Loss Accounts) for 2014.
• To pay no dividends on ordinary shares.
• To pay a dividend of 0.05 rubles per one preferred share.  
• To make the list of persons entitled to receive dividends on preferred shares on the date of July 11, 2015. The payment is due to be made by bank transfer over the period specified by Russian law.
• To allocate profit from past years as follows:
  - dividend payment of placed Company’s preferred shares – 6,937,845.75 rubles
  - remaining profit of 67,322,824,816.13 rubles leave undistributed.
• To elect the following people to Mechel’s Board of Directors:
  1. Arthur David Johnson;
  2. Vladimir Gusev;
  3. Igor Zyuzin;
  4. Alexei Ivanushkin
  5. Igor Kozhukhovsky;
  6. Oleg Korzhov;
  7. Vladimir Korovkin;
  8. Yuri Malyshev;
  9. Viktor Trigubko.
  The Board remained unchanged from last year. 
• To elect the following people to Mechel OAO’s audit committee:
  1. Alexander Kapralov;
  2. Natalya Zykova;
  3. Andrey Stepanov.
• To appoint Energy Consulting/Audit ZAO as the auditor of Mechel OAO.

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Mechel OAO
Ekaterina Videman
Phone: +7 495 221-88-88
ekaterina.videman@mechel.com