Moscow, Russia – June 21, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports its intention to restructure 4 series of Mechel PAO's bonds.

The meeting of 4-series bonds holders (State registration number 4-04-55005-E, dated 14.05.2009) is scheduled for July 7, 2016 by absentee voting.

VTB Capital AO, Gazprombank (AO) and Svyaz-Bank AKB PAO act as the company's restructuring agents.

Those bondholders who wish to be kept informed of the restructuring process are requested to send to these addresses: bonds@vtbcapital.com, bonds@vtbcapital.com, bonds@sviaz-bank.ru the following information to ensure coordination of further actions:

• name of holder (for persons – full name)
• series and number of bonds held
• in case the holder is not a MICEX trade participant (acts through broker) – name of broker the holder uses to trade in bonds
• holder's contacts, including telephone number and email address.

Information on the restructuring process will be published on the company's website at mechel.com/shareholders/bonds

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com