Press Releases

Mechel Reports Board of directors Resolutions

Moscow, Russia May 26, 2017 Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports the decisions made by its Board of Directors.

The Board of Directors of Mechel PAO held a meeting on May 25, 2017. The following resolutions were adopted at the meeting:

1. To convene the Annual General Shareholders’ Meeting of Mechel PAO on June 30, 2017. The General Shareholders’ Meeting will be held at: Petroff Palace, Leningradsky Prospect, 40, Moscow, Russian Federation, at 12:00 local time.

2. To approve the following agenda for the Annual General Shareholders’ Meeting:
- Distribution of Mechel PAO’s profit, including payment (declaration) of dividends, based on the results of the financial year.
- Election of members of Mechel PAO’s Board of Directors.
- Election of members of Mechel PAO’s Review Commission.
- Approval of the auditor of Mechel PAO.
- Approval of the revised Charter of Mechel PAO.
- Approval of the revised Bylaw on rewards to the members of Mechel PAO’s Board of Directors and compensation of costs carried by them in connection with fulfilling their duties as members of the Board of Directors.

The list of the shareholders eligible to take part in the Annual General Shareholders’ Meeting will be prepared based on the data in the Shareholders’ Register as of June 5, 2017.


Ekaterina Videman
Tel: + 7 495 221 88 88


Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.


Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


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