Moscow, Russia – July 3, 2023 – Mechel PAO (MOEX: MTLR), a leading Russian mining and metals company, announces the decisions made by the annual general meeting of shareholders held on June 30 by correspondence.

A quorum for decision-making was present for all issues on the agenda.

The shareholders, in particular, approved the following decisions:

- Not to declare and not to pay dividends on Mechel PAO's ordinary and preferred shares.

- To approve Mechel PAO's revised Charter.

- To approve the revised Bylaw on Mechel PAO's General Meeting of Shareholders.

- To approve Energy Consulting AO as Mechel PAO’s auditor.

In addition, the shareholders elected a new Board of Directors consisting of nine members, including five independent directors. 

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com