MECHEL ANNOUNCES RESULTS OF ITS ANNUAL
GENERAL SHAREHOLDERS’ MEETING

Moscow, Russia — June 29, 2012 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces that its Annual General
Shareholders’ Meeting was held on June 29, 2012.
The following key resolutions were adopted by shareholders at the meeting:

•	To pay dividends of 8.06 rubles per one ordinary share (approximately $0.27
per ADR*). The payment is due to be made by bank transfer in less than 60 days
since the decision to pay was made.
•	To pay a dividend of 31.28 rubles per one preferred share (approximately $1.05
per one preferred share and approximately $0.52 per one preferred ADR*). The
payment is due to be made by bank transfer in less than 60 days since the
decision to pay was made.
•	To allocate profit from past years as follows:
-	dividend payment of placed Company’s ordinary shares – 3,355,142,204.7 rubles
(about $112,560,335.64*)
-	dividend payment of placed Company’s privileged shares – 4,340,316,301.2
rubles (about $145,611,550.82*)
•	To elect the following people to Mechel’s Board of Directors:
1.	Arthur David Johnson;
2.	Vladimir Gusev;
3.	Alexander Yevtushenko;
4.	Igor Zyuzin;
5.	Igor Kozhukhovsky;
6.	Yevgeny Mikhel;
7.	Valentin Proskurnya;
8.	Roger Ian Gale;
9.	Viktor Trigubko.
The number of the Board’s members remained the same as last year. Viktor
Trigubko has replaced Serafim Kolpakov as member of the Board of Directors.
•	To approve the Company’s Annual Report for 2011.
•	To approve the Company’s Annual Financial Statements inclusive of the Income
Statement (Profit and Loss Accounts) for 2011.
•	To elect the following people to Mechel OAO’s audit committee:
1.	Yelena Pavlovskaya-Mokhnatkina;
2.	Natalya Mikhailova;
3.	Andrey Stepanov.
•	To appoint Energy Consulting/Audit ZAO as the auditor of Mechel OAO (Moscow).
•	To approve the revised Bylaw on rewards to the members of Mechel OAO’s Board
of Directors and compensation of expenses incurred by them while performing the
functions of members of the Board of Directors.
* Based upon the Russian Central Bank exchange rate of 29.8075 RUR/$ as of the
date of the Board of Directors’ recommendation to the General Shareholders’
Meeting on making a decision on dividend payment (May 6, 2012).

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Mechel OAO
Maria Kolmogorova
Tel: + 7 495 221 88 88
maria.kolmogorova@mechel.com

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Mechel is one of the leading Russian companies. Its business includes four
segments: mining, steel, ferroalloy and power. Mechel unites producers of coal,
iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, 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.