Moscow, Russia– September 02, 2015 – Mechel OAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports its intention to restructure Mechel OAO’s 13 and 14 series bonds.

The company intends to offer holders of 13-series bonds (state number 4-13-55005-E issued on August 10, 2010) and 14-series bonds (state number 4-14-55005-E issued on August 10, 2010) to introduce changes in the current payment schedule and reconsider the order of determining the coupon rate for future periods.

We invite those holders of the company’s bonds who wish to be informed of the restructuring process to mail the following details to bonds@vtbcapital.comto ensure the possibility of further coordination:

• Name of bond holder (for persons – last name, name and patronymic)
• The number and series of bonds held
• In case the bond owner is not a Moscow Exchange tenderer (trades through a broker) – name of the broker (tenderer) who acts as mediator for the owner’s deals with bonds
• The owner’s contacts – telephone number and email address.

Information on the restructuring process and contact telephone number are posted at the company’s website at www.mechel.ru/shareholders/bonds

The date for the bond owners’ meeting will be further announced.

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Mechel OAO
Ekaterina Videman
Phone: +7 495 221-88-88
ekaterina.videman@mechel.com