Moscow, Russia – December 18, 2014 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing agreement on restructuring credit lines with Eurasian Development Bank.

Mechel OAO’s subsidiary Yakutugol Holding Company OAO signed an agreement with Eurasian Development Bank on revising the payment schedule for its 2.1-billion-ruble loan received earlier.

According to the agreement, payments on the body of the loan which were due to be made in 2014-2015 were fully postponed until the second quarter of 2016.

The loan’s security pledge and interest rate remain unchanged.

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Mechel OAO

Ekaterina Videman

Phone: +7 495 221-88-88

ekaterina.videman@mechel.com