Moscow, Russia — April 05, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the successful closure of the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds.

On April 4, 2012 Mechel OAO closed the books for the placement of its BO-05, BO-06, BO-07, BO-11 and BO-12 series non-convertible interest-bearing documentary bonds with an obligatory centralized custody (ID serial numbers 4Â02-05-55005-Å, 4Â02-06-55005-Å, 4Â02-07-55005-Å, 4Â02-11-55005-Åand 4Â02-12-55005-Åof 05.02.2009). The bonds mature in 1,092 days.

The bonds have a total nominal value of 15.0 billion rubles (approximately 510 million US dollars*). The first coupon rate is 11.25% per year.

The funds procured by the placement will be used solely for the re-financing of the short-term debt.

The BO-05, BO-06, BO-07, BO-11 and BO-12 series bonds will be placed on the MICEX Stock Exchange ZAO on April 10, 2012, with Coalmetbank OAO acting as the issuer’s agent for the placement.

VTB Capital ZAO and Coalmetbank OAO acted as the joint bookrunners for the placement.

* Based upon the Russian Central Bank exchange rate of 29.43 RUR/$ as of April 5, 2012.