Moscow, Russia – August 4, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports decisions made at the general meeting of 16 series of Mechel's bondholders.

The majority of bondholders have by correspondence approved of electing Legal Capital Investor Services as representative of 16-series bondholders (state registration number 4-16-55005-E, dated 10.08.2010).

The majority of bondholders have by correspondence agreed to enable the 16-series bondholders’ representative to conclude the deed of release by novation, as well as approved the conditions set for this deed.

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