Moscow, Russia – June 24, 2009 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2008 with the U.S. Securities and Exchange Commission.

The report is available at the following link: https://www.sec.gov/Archives/edgar/data/1302362/000095012309016383/u06046e20vf.htm

Shareholders may also 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 in the Investors section of Mechel’s web site at www.mechel.com.