MECHEL ANNOUNCES SIGNING CONTRACTS ON SUPPLIES OF EXTRA-SIZE TIRES WITH JAPAN’S
MARUBENI CORPORATION

Moscow, Russia — November 20, 2012 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces the signing of five-year
contracts for supplies of extra-size Bridgestone tires with Japan’s Marubeni
Corporation during the 10th session of the Russia-Japan Inter-Government
Commission on Trade and Economic Issues in Tokyo, Japan.
On the sidelines of the official visit of Russian Federation’s First Deputy
Prime Minister Igor Shuvalov to Japan, Mechel Group’s enterprises — Yakutugol
Holding Company OAO, Southern Kuzbass Coal Company OAO and Korshunov Mining
Plant OAO — signed five-year contracts with Marubeni Corporation for the supply
of Bridgestone-produced off-road tires for heavy duty dump trucks. The documents
were signed in the presence of Mr. Shuvalov and Japanese Foreign Minister
Koichiro Gemba. Mechel OAO’s Vice-President for Commercial Activities Mikhail
Urvantsev and Chief Operations Officer of Marubeni Corporation’s Lifestyle
Division Katsuhisa Yabe signed the contracts.
Mechel is the first Russian mining and steel company that Marubeni Corporation
granted five-year contracts for supplies of extra large-size tires. According to
the contracts, over 5,000 off-road tires for heavy duty dump trucks will be
supplied to Mechel Group’s enterprises.
Marubeni Corporation is one of Japan’s largest companies, which is also an
authorized export dealer of Bridgestone Corporation’s products.
“These long-term contracts will help our enterprises’ stable operations and
improve the efficiency of production in Mechel’s mining division, including
implementation of our key project, development of Elga Coal Complex. Signing
these contracts on the sidelines of a session of the Russia-Japan
Inter-Government Commission on Trade and Economic Issues is a major step for the
company in further developing bilateral ties with leading Japanese industrial
producers, which is aimed at consolidating Mechel’s leading positions on the
world market of metallurgical coals,” Mechel OAO’s Chief Executive Officer
Evgeny Mikhel noted.
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Mechel OAO
Pavel Taran
Tel: + 7 495 221-88-88
pavel.taran@mechel.com

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Mechel is one of the leading Russian companies. Its business includes four
segments: mining, steel, ferroalloy and power. Mechel unites producers of coal,
iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products,
hardware, heat and electric power. 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, 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.