Moscow, Russia– March 9, 2016 – Mechel OAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the decisions of its Board of Directors made at the meeting held on March 4, 2016.

The Board of Directors made the following decisions among others:

1. To elect Igor V. Zyuzin as Chairman of Mechel OAO’s Board of Directors.

2. To consider the following Board members as independent directors, in compliance with the company’s charter and the bylaw on the Board of Directors:

• Vladimir V. Gusev
• Yury N. Malyshev
• Vladimir Y. Korovkin
• Alexander N. Kotsky
• Alexander D. Orischin

3. To approve the following permanent committees with the Board of Directors:

The audit committee:

• Vladimir Y. Korovkin — head of the committee
• Alexander N. Kotsky — member of the committee
• Vladimir V. Gusev — member of the committee

The committee on investment and strategic planning:

• Yury N. Malyshev — head of the committee
• Alexander D. Orischin — member of the committee
• Alexander N. Kotsky — member of the committee
• Alexey G. Ivanushkin — member of the committee
• Tigran G. Khachaturov — member of the committee
• Oleg V. Korzhov — member of the committee

The committee on appointments and awards:

• Vladimir V. Gusev — head of the committee
• Vladimir Y. Korovkin — member of the committee
• Yury N. Malyshev — member of the committee
• Alexander D. Orischin — member of the committee

***

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