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Mechel Holds an Extraordinary General Shareholders' Meeting

Moscow, Russia – December 24, 2004 – Mechel (NYSE: MTL) announces results of the Extraordinary General Shareholders' Meeting.

Mechel announces a conference call

Moscow, Russia - December 9, 2004 - Mechel Steel Group (NYSE: MTL) announces a conference call, organized by Brunswick UBS, with senior management of the company who will speak on the situation regarding the latest developments.

Mechel issues statement regarding Ministry of internal affairs investigation

Moscow, Russia - December 8, 2004 - Mechel Steel Group (NYSE: MTL) issued the following statement today regarding the requests for information that it has received from the Ministry of Internal Affairs:

Mechel announces attempts to prevent its participation in the MMK auction

Mechel Steel Group (NYSE: MTL) announces that a subdivision of the Ministry of Internal Affairs collected commercial information from its subsidiary, Mechel Trading House on December 6 and 7, 2004.

Mechel Announced its Winning of Auctions to Develop New Coking Coal Mine Areas

Kemerovo, Russia – December 2, 2004 – Southern Kuzbass Coal Company, a subsidiary of Mechel , has won two auctions for the right to use subsoil plots for coking coal exploration and mining at the Raspadsky Open Pit Mine and Berezovsky-2 areas, with total reserves of 55.5 million tons according to Russian reserve valuation standards . In total, Mechel has increased its reserves of coking coal by over 120 million tons in the last month.

Mechel Announces The Exercise Of The Greenshoe Option Related To Its IPO On The New York Stock Exchange

Moscow, Russia – November 29, 2004 – Mechel (NYSE: MTL), a Russian metals and mining company, announced today that the global coordinator for its IPO has fully exercised its option to place an additional 2,081,354 American Depositary Shares (ADS), representing 6,244,062 ordinary shares, at the price of the IPO of $21.00 per one ADS.

Mechel announces the placement of its first bond issue at par value with a coupon of 10.69%

Moscow, Russia – November 25, 2004 – Mechel Steel Group OAO, a Russian metals and mining company, announces the placement of its first bond issue on MICEX. The coupon rate of the issue is 10.69%. According to the results of the first day of allocation, the total bond issue of Mechel was fully placed.

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