MECHEL ANNOUNCES PAYMENT OF DIVIDENDS BASED ON 2011 FISCAL YEAR RESULTS
Moscow, Russia – August 13, 2012 –  Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces a dividend payment (including
taxes) of 7,694,945,433.30 rubles  (approximately US $241.2 million), based on
the Company’s results for the 2011 fiscal year.
Mechel OAO has allocated a total of 7,695,458,505.90 rubles (approximately 241.2
million US dollars*) (including taxes) for its annual dividend payment to
shareholders for the 2011 fiscal year. This includes 4,340,316,301.20 rubles
(approximately 136 million US dollars*) paid to holders of privileged registered
book-entry shares or 31.28 rubles (approximately 0.98 US dollars*) per one
privileged registered book-entry share, and 3,355,142,204.70 rubles
(approximately 105.2 million US dollars*) paid to holders of ordinary registered
book-entry shares or 8.06 rubles (approximately 0.25 US dollars*) per one
ordinary registered book-entry share.
As of August 13, 2012, Mechel OAO’s shareholders were paid a total of
7,694,945,433.30 rubles (including taxes; approximately 241.2 million US
dollars*). Total dividends of 513,072.60 rubles (approximately 16,083.8 US
dollars*), or 0.007% of the allocated amount, were not distributed to certain
shareholders due to their failure to fulfill their obligations to provide
information on their bank details required to transfer the dividends.
All funds to pay the dividends to the holders of Mechel’s ADRs were transferred
to the account of the Company’s depositary bank Deutsche Bank.
* Based upon  the Russian Central Bank exchange rate of 31.90 RUR/$ as of August
13, 2012.

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

***
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.
***
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.