Kemerovo, Russia – June 24, 2010 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces establishing its official representative office in Kemerovo city.

The registration procedure of Mechel OAO’s representative office in Kemerovo city was completed on June 11, 2010. The legal address of the representative office is: 650036, Russian Federation, Kemerovo city, Lenin Prospekt, bld. 90/4.

Konstantin Anatolievich Panfilov, Mechel OAO’s Executive Vice President for Kemerovo region, was appointed the Head of the representative office.

The representative office’s functions will include: establishing and maintenance of contacts with government authorities and business community of Kemerovo region, representation of Mechel group’s interests, assistance to the Mechel group’s plants in their operations, strengthening cooperation with Mechel’s partners and establishing new relations to ensure expansion of the group’s activities.

The new office will also provide actual data on the current market trends and advise Mechel’s management on tenders and auctions held in the region.

The office would allow improving management of strategically important assets of Mechel group located in Kemerovo region and let the company be more flexible in the changing market environment.

The following Mechel’s subsidiaries operate in Kemerovo region: Southern Kuzbass Coal Company OAO (one of Mechel’s mining segment assets), Southern Kuzbass Power Plant OAO (a part of Mechel’s power segment) and Kuzbass Power Sales Company OAO (power distributing company as a Guaranteeing Supplier – also a part of Mechel’s power segment).