Press Releases

Moscow, Russia – October 28, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has signed a Memorandum of Intent with Minmetals, one of China’s largest state industrial corporations.

Chelyabinsk, Russia – September 4, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has completed the repair of coking battery #4 at its Chelyabinsk Metallurgical Plant.

Moscow, Russia – July 8, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the signing of a contract between its Chelyabinsk Metallurgical Plant OAO (CMP) subsidiary and Danieli, to supply technology and equipment to construct a rail and structural steel mill at CMP.

Moscow, Russia – November 19, 2007 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, participated in Metal-Expo 2007, the 13th International Specialized Exhibition, conducted as part of “Metal Week in Moscow” at the All-Russian Exhibition Center, Moscow, during November 13-16, 2007.

Moscow, Russia – June 8, 2007, – Mechel OAO (NYSE: MTL) today announced an agreement with Danieli to provide for the modernization of Mechel’s steel operations. The agreement follows a meeting between Mechel’s Chief Executive Officer Igor Zyuzin and Danieli’s Chairman and CEO Gianpietro Benedetti.

Moscow, Russia — March 7, 2006 — Mechel OAO (NYSE: MTL) announces that, following an internal review process, it has optimized its capital expenditure program, allocating substantial additional funds for the continuing development and expansion of its mining segment. This rebalancing reflects Mechel’s overall strategy of seeking strong growth in its mining segment, both through organic growth as well as acquisitions.