MECHEL CERTIFIED RAILS TO BE SUPPLIED TO RUSSIAN RAILWAYS

Chelyabinsk, Russia — June 30, 2015 – Mechel OAO (MICEX:MTLR, NYSE: MTL), one of
the leading Russian mining and metals companies, reports obtaining a certificate
of compliance with the requirements of the Customs Union’s Technical Regulations
for its rails of up to 100 meters in length. This certificate will enable the
company to begin supplying Russian Railways OAO with Chelyabinsk Metallurgical
Plant (CMP)’s products.
The certificate was granted by the Federal Railway Transport’s Certification
Registry following the results of tests and monitoring of the production
process.
The grant of this certificate followed after several stages of certification
procedures at the Russian Railway Research Institute. A test batch of CMP rails
successfully passed the test of carrying 150 million tonne-kilometers of cargo
at the experimental proving ground throughout six months. Test results confirmed
that the plant’s products are equal to the best global analogues, surpassing
them on several counts.
Chelyabinsk Metallurgical Plant’s universal rolling mill can produce up to 1.1
million tonnes of products annually. The mill employs a unique heat treatment
technology which allows it to produce high-performance rails and structural
shapes, with excellent wear resistance, durability and fatigue endurance.
Investment in the project topped 900 million US dollars.
“Chelyabinsk Metallurgical Plant’s products are equal to their foreign analogues
in quality, which all stages of lab and range tests confirm. Rail production at
CMP will help implement the import substitution program and encourage further
development of our country’s transport infrastructure,” Russian Railways OAO’s
Senior Vice-President for Innovation Development - Chief Engineer Valentin
Gapanovich noted.
 “Obtaining the compliance certificate for our rails is an event of strategic
importance for Mechel. Our success at these tests enables us to begin
cooperation with Russian Railways and ensures a high load for CMP’s universal
rolling mill. I would like to express particular gratitude to Gazprombank OAO,
BNP Paribas and UniCredit banks, as well as export agencies from the Czech
Republic, Germany and Italy that ensured the project’s financing,” Mechel OAO’s
Chief Executive Officer Oleg Korzhov noted.
***
Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

***
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.
***
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.