Moscow, Russia — May 10, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2011 with the U.S. Securities and Exchange Commission.

The report is available at the following link:

https://www.sec.gov/Archives/edgar/data/1302362/000119312512225462/0001193125-12-225462-index.htm

Shareholders may also request a hard copy of Mechel’s latest 20-F with complete audited financial statements free of charge by sending their request to Mechel at ir@mechel.com