MECHEL ANNOUNCES NEW APPOINTMENT IN MANAGEMENT

Moscow, Russia –  April 4, 2011 - Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the creation of the position of
Vice-President for Commercial Activities.
Mikhail Urvantsev, 42, was appointed Mechel OAO’s vice-president for commercial
activities.
Prior to this appointment Mr. Urvantsev began his professional career at
Beloretsk Metallurgical Plant in 2001 as commercial director to become deputy
general director of Mechel Trading House OOO in 2002. In 2004, he was appointed
director of Mechel Steel Group’s supply department, to be promoted to Mechel
Trading House’s general director that same year. In 2005, he joined the staff of
Industrial Metallurgical Holding Management Company. In 2006, he was appointed
general director of Urals Machine-Building Plant’s Trading House OOO, and worked
his way up to the plant’s general director in 2009-2011.
Mr. Urvantsev graduated from Moscow Commercial University with a specialty in
economics and management in trade and catering.
As a dynamically developing company, Mechel is implementing a long-term
investment program aimed at developing its production facilities, increasing
output volumes and raising the quality of its products. It requires consistent,
strategically well-checked steps to perfect the sales system and coordinate
supply work, which will ultimately enable the company to be flexible in reacting
to market opportunities and expand further in Russian and foreign markets.
 “I am sure that Mikhail Urvantsev is up to the task and will be able to map out
the best strategy to coordinate Mechel’s commercial activities, aimed at cutting
supply costs and raising the group’s profit by increasing sales efficiency,”
Mechel OAO’s Chief Executive Officer Yevgeny Mikhel noted.
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Mechel OAO
Ekaterina Videman
Phone: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is one of Russia’s leading companies. Its business is primarily composed
of  four segments: mining, steel, ferroalloy and power. Mechel unites producers
of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled
products, hardware, heat and electric power. Mechel products are marketed
domestically and internationally.
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Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.