**Conference Call**

MECHEL OAO

(NYSE:MTL)

Scheduled for:

Thursday, June 28, 2007
10:00 AM New York Time
3:00 PM London Time
6:00 PM Moscow Time

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You are cordially invited to participate on a conference call with the management of Mechel OAO to discuss our 2006 full year results. Igor Zyuzin, Chief Executive Officer, will host the call.

Please call the number below approximately 10 minutes prior to the scheduled time of the call, quoting Mechel, and the chairperson’s name, Alexander Tolkach.

Conference Call Phone Numbers:

US: +1 718 354 1158
International: +44 20 7138 0808

The earnings release will be distributed prior to the conference call. In addition, the conference call will be available live via the Internet. To access the call and associated slides, please visit our website at: https://www.mechel.com/investors/fresults/index.wbp

A replay of the call will be available until 11:59PM New York time on July 27th. To access, please dial, US: +1 866 239 0765; UK: +44 20 7806 1970. From both areas, enter: #2884656 to access.