Press Releases

Mechel Reports Decisions of General Meeting of 16 Series Bond Holders

4August2016
Moscow, Russia August 4, 2016 Mechel PAO (MICEX: MTLR, NYSE: MTL), one of Russia's leading mining and steel companies, reports decisions made at the general meeting of 16 series of Mechel's bondholders.

The majority of bondholders have by correspondence approved of electing Legal Capital Investor Services as representative of 16-series bondholders (state registration number 4-16-55005-E, dated 10.08.2010).

The majority of bondholders have by correspondence agreed to enable the 16-series bondholders’ representative to conclude the deed of release by novation, as well as approved the conditions set for this deed.

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company which employs over 66,000 people. 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.

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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.

04.08.2016

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