Moscow, Russia – April 05, 2010 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces establishing Mecheltrans Management OOO.

Mecheltrans Management OOO started working on the 1st of April, 2010. The company was established in order to increase efficiency of management of Mechel group’s logistic assets. Functions of the management company cover preparation of complex solutions for goods transportation; control over Mechel’s plants shipment schedules, as well as coordination, planning and analysis of the group’s transportation subsidiaries’ operations, development of logistic assets and capital development.

Mecheltrans Management OOO manages Mecheltrans OOO and Mecheltrans Ukraine OOO, which provide rail and car transportation of goods. Also the structure of Mecheltrans Management OOO includes Maritime Cargo Shipping OOO which provides sea transportation, Port Posiet OAO, Port Mechel-Temruyk ÎÎÎ, Port Kambarka OAO, Port Mechel-Vanino ÎÎÎ (project). Also Mecheltrans Management OOO manages Mecheltrans Vostok OOO which would control operations of Ulak-Elga railway.

Aleksandr Starodubov is appointed CEO of Mecheltrans Management OOO.

The establishment of Mecheltrans Management OOO was held in the framework of general program of Mechel group’s management system restructuring that was set up in 2008. The program’s implementation would allow better focusing of management’s operation at each division of the group and thus providing maximum efficiency of all Mechel’s subsidiaries operations.