MECHEL REPORTS OBTAINING FEDERAL RAILWAY TRANSPORT AGENCY’S APPROVAL FOR
OPERATING ELGA DEPOSIT RAILWAY

Moscow, Russia – August 14, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that the Federal Railway Transport
Agency granted its permission to run wagons along the non-public railway track
leading to the Elga coal deposit, which is still under construction.
According to the document, the Ulak-Elga non-public railway track, which is
still under construction, is now open to wagons operated by Russian Railways OAO
and other transport companies. The approval is valid until July 30, 2015.
The 321-kilometer Ulak-Elga railway track is currently being serviced by
Mecheltrans Vostok OOO which ensures cargo shipments, performs maintenance of
the railway track’s completed part and conducts construction work at the
railway. According to the state property registration certificate, the railway
track to the Elga deposit is 91% complete.
“Federal Railway Transport Agency’s conclusion is an important confirmation that
the railway track constructed by Mechel Group and integrated into the
Baikal-Amur Mainline structure is being maintained in a technically sound state.
Having a transport infrastructure that is ready for operation is important not
only for more intensive development of the Elga coal deposit and increased cargo
turnover, but also for successful implementation of the Russian coal industry’s
long-term development program,” Mechel OAO’s Chief Executive Officer Oleg
Korzhov commented.
***
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.