Moscow, Russia– July 3, 2020 – Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the decisions made by the annual general shareholder meeting held on June 30.

The shareholders decided on the following: 

- not to pay an annual dividend with respect to ordinary shares;  

- to pay an annual dividend of 3.48 rubles per one preferred share;

- to make the list of persons entitled to receive dividends for preferred shares for 2019 based on the data in the Mechel PAO Shareholders’ Register as of July 17, 2019. The payments are to be made by bank transfer in accordance with current Russian law;

- to allocate 482,874,064.20 rubles for payment of dividends for listed preferred shares;
- to leave the remainder of profit (1,508,353,153.10 rubles) unallocated.

- to elect to the Board of Directors:
1. Igor V. Zyuzin
2. Oleg V. Korzhov
3. Alexander N. Kotsky
4. Yury N. Malyshev
5. Alexander D. Orischin
6. Georgy G. Petrov
7. Viktor A. Trigubko
8. Alexander N. Shokhin
9. Irina N. Ipeeva

- to approve the revised Charter of Mechel PAO and bylaw on Mechel PAO’s Board of Directors. 

- to approve major self-dealing transactions signed by Mechel PAO with VTB Bank and Gazprombank to ensure fulfillment of obligations assumed by the company’s subsidiaries. 

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