Moscow, Russia – June 8, 2009 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces results of participation in St. Petersburg International Economic Forum 2009.

For the two successive years Mechel has been a partner of St. Petersburg International Economic Forum. The company believes its participation in this most comprehensive international economic dialogue is important both in view of operation in Russian market and for establishment of new international relations as well as strengthening of existing ones.

At the booth of the company participants of the Forum were able to familiarize themselves with major indicators of corporate business and to directly address their questions to Mechel's top management and employees.

In the course of the Forum Mechel OAO Chief Executive Officer Mr. Igor Zyuzin took part in panel discussion entitled Russia-US Business Dialogue: Economic Cooperation as the Basis for “Reloading” Relations between Russia and the United States and the “CIS as an Area for Cooperation. Agenda for Tomorrow” session.

Also during the Forum Mechel’s top management had meetings with the Heads of Administrations of the regions in which Mechel’s plants are operating. The managers had meetings with Russian and international partners as well.

Mechel delegates held several meetings with investment funds owning stakes in the company and with representatives of banks and other financial organizations.