Moscow, Russia — April 01, 2014 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces a new executive appointment.

Valery Sheverdin, 50, is appointed Mechel OAO’s Vice-President for Corporate Security.

“In the seven years that Valery has been working in our company, he has proved himself an excellent professional and experienced leader, capable of tackling the most complicated tasks. I am sincerely happy to welcome him to our top management and wish him further successes in his work,” Mechel OAO’s Chief Executive Officer Oleg Korzhov noted.

Prior to his appointment, since June 2009 until March 2014 Mr. Sheverdin headed Mechel OAO’s corporate security division. In April 2011 – March 2014, he was chief executive officer of Mechel-Garant OAO. Prior to that, since July 2007 he headed Mechel-Tsentr, a private security company. In April 2003 – June 2007 Mr. Sheverdin was deputy division chief at Lukom-A Agency ZAO. In February 2001 – March 2003 he was chairman of Russian Fund for Social Progress. In 1981-1995 Mr. Sheverdin served in Russia’s armed forces.

Mr. Sheverdin graduated from Higher Military Command School for Artillery in Kolomna with a specialty in command, tactical and artillery armament, as well as Russian Federal Security Service’s Moscow Military Institute for Border Troops with a degree in law.

***

Mechel OAO

Ekaterina Videman

Phone: +7 495 221-88-88

ekaterina.videman@mechel.com