Moscow, Russia — June 7, 2005 — The Board of Directors of Chelyabinsk Metallurgical Plant OAO resolved to temporarily appoint Mr. Vladimir Iorich General Director of the plant. Vladimir Iorich will also continue to serve as Chief Executive Officer of Mechel OAO (NYSE: MTL).

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Mechel OAO
Irina Ostryakova
Phone: 7-095-258-18-28
e-mail: Irina.Ostryakova@mechel.com