MECHEL EARNS RECOGNITION FOR EMPLOYEE DEVELOPMENT

Moscow, Russia — March 23, 2015 – Mechel OAO (MICEX:MTLR, NYSE: MTL), one of the
leading Russian mining and metals companies, reports having received a nominee’s
diploma for employee development in the national “Russian Business Leaders:
Dynamics and Responsibility 2014” contest.
The annual contest is held by the Russian Union of Industrialists and
Entrepreneurs (RSPP) among the country’s major companies. The award ceremony was
held within the framework of Russian Business Week. RSPP’s President Alexander
Shokhin presented the award to Mechel OAO’s Vice-President for Human Resources
and Social Policy Elena Selivanova. Mechel was awarded with a nominee’s diploma
for its consistent approach in developing its employee potential as well as
several HR projects in the Group’s regions of operation.
The nominees for the Employee Development Award were picked from among companies
with acknowledged human resources achievements. A group of independent HR
experts evaluated the nominees. The companies were chosen on the basis of such
criteria as efficient corporate initiatives in staff development, including
professional education, providing opportunities and motivation for improving
their skills, career growth, the possibility of learning on the company’s
experience.
“We are glad that our work earned high recognition from the professional
community. And this award is truly well-earned. Despite this difficult time for
our company, Mechel’s 70,000 staff remain our chief and most valuable asset. Our
task is to ensure that our employees are certain of their future, that their
professional skills continue to improve. The ability to preserve our team, to
realize our employees’ potential and use it properly is the key for our
business’s success and guarantee of its further efficient development,” Mechel
OAO’s Vice-President for Human Resources and Social Policy Elena Selivanova
commented.
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company which employs over 70,000
people. Its products are marketed in Europe, Asia, North and South America,
Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled
products, ferroalloys, heat and electric power. All of its enterprises work in a
single production chain, from raw materials to high value-added products.
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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.