MECHEL BECOMES POTENTIAL RAIL SUPPLIER FOR GERMANY’S RAILWAYS

Moscow, Russia — February 11, 2015 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that Chelyabinsk Metallurgical
Plant won the status of a potential rail supplier to Germany’s railway operator
Deutsche Bahn AG, following a production audit.
As part of the work visit, Deutsche Bahn AG experts toured the oxygen converter
workshop, universal rolling mill and the rolling workshop #3, as well as the
steel products testing center and the central analytics lab. During the visit,
German experts examined all stages of Chelyabinsk Metallurgical Plant’s rail
production — from steelmaking to shipping rails, and appraised the  quality
management control system of rail products at all production stages.
As a result, the sides signed a protocol affirming Chelyabinsk Metallurgical
Plant’s status as a potential supplier of rails for Deutsche Bahn AG. The sides
agreed to conduct measures required for Chelyabinsk Metallurgical Plant’s rails
to pass certification as compliant with TSI standard for rail products in the
European Union. Meanwhile the plant will begin testing to enable rail supplies
to the railway network of DB Netz AG which is operating Germany’s railway
infrastructure. Tests will be conducted with high-speed conditions among others.
“The universal rolling mill is capable of manufacturing products at the finest
global level and preliminary tests confirmed that. Today our aim is to pass
certification not only in Russia, but also in Europe. This will enable us to
replace imports domestically and become a successful competitor globally,”
Mechel-Steel Management Company OOO’s Chief Executive Officer Vladimir Tytsky
commented.
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221-88-88
[email protected]

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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.