Mechel announces appointment of a new General Director of Mechel Trading House

Mechel announces appointment of a new General Director of Mechel Trading House

Moscow, Russia – April 27, 2005 – Mechel announces appointment of Alexander Proskurin as General Director of its 100% subsidiary, Mechel Trading House OOO.

Alexander Proskurin replaced the former General Director, Mikhail Urvantsev, who was appointed to the position of Deputy General Director.

Biography:

2004 - April 2005 – Director, Iron Ore Raw & Coal Products Sales Department, Mechel OAO.
2003 - 2004 – Leading Specialist for export sales, Mechel Trading AG.
2002 - 2003 – Deputy General Director, Mechel Trading House OOO.
1997 - 2002 – Commercial Director; Deputy Commercial Director, Southern Kuzbass Coal Company OAO.
Alexander Proskurin holds a master's degree in Mining Engineering and Technology and Mechanization of Development of Deposits and Mineral Resources from the Kuzbass Polytechnic Institute, and a Doctorate in Technical Sciences from the Moscow State Open University.

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Mechel OAO
Irina Ostryakova
Director of Communications
Phone: 7-095-258-18-28
Fax: 7-095-258-18-38
irina.ostryakova@mechel.com

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Mechel is one of the leading Russian metals and mining companies. The Company unites producers of steel, rolled products, hardware, coal, iron ore concentrate, and nickel. Mechel products are marketed domestically and internationally.

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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 Steel Group, 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 Steel Group files from time to time with the U.S. Securities and Exchange Commission, including our Form F-1. 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 F-1, 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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