Moscow, Russia – July 20, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports its intention to restructure 16 series of Mechel PAO's bonds.

The company intends to offer holders of 16-series bonds (State registration number 4-16-55005-E, dated 10.08.2010) to introduce changes in the current payment schedule and reconsider the order of determining the coupon rate for future periods.

The general meeting of bondholders will be held by correspondence on August 3, 2016. The list of persons entitled to take part in the general meeting of the bondholders will be made on July 22, 2016.

Those bondholders who wish to be kept informed of the restructuring process are requested to send to bonds@mechel.com the following information to ensure coordination of further actions:

• name of holder (for persons – full name);
• series and number of bonds held;
• in case the holder is not a MICEX trade participant (acts through broker) – name of broker the holder uses to trade in bonds;
• holder's contacts, including telephone number and email address.

Information on the restructuring process will be published on the company's website at www.mechel.ru/shareholders/bonds and www.mechel.ru/shareholders/disclosure/mechel/

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