Moscow, Russia – June 20, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has filed with SEC annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 foreign private issuers 20-F for the fiscal year ended December 31, 2007.

Shareholders may request a hard copy of Mechel’s latest 20-F with complete audited financial statements free of charge by sending their request to Mechel at ir@mechel.com or by posting such a request through a link at Investors section of Mechel’s web site at www.mechel.com