Mechel Announces New Appointment

 
Moscow, Russia – August 11, 2009 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces appointment of the new Chief Executive Officer at its Mechel Mining Management Company subsidiary.

Boris Nikishichev (63) was appointed Chief Executive Officer for Mechel Mining Management Company OOO on August 11, 2009. From July 22, 2009 Mr. Nikishichev also works at the position of Mechel OAO’s Vice president for Mining. Additionally, he will continue working as Chief Executive Officer of Mechel Engineering OOO, the company which provides Mechel group’s mining assets activity audit and develops new investment projects in order to support mining segment’s growth.

Boris G. Nikishichev was appointed Chief Executive Officer of Mechel Engineering OOO in December 2008. Prior to that appointment he was our Director for Mining since February 2007 until January 2009. Previously, he was our Senior Vice President for Mining from February 2005 to 2007. From 2004 to February 2005, he served as Deputy General Director of Raspadskaya Coal Company. From 1998 to 2004, he held the position of First Vice President in Sokolovskaya Holding Company. In addition, from 1999 to 2004, he was also First Vice President of the Mining Industrialists of Russia, a noncommercial partnership. From 1993 to 1999, Mr. Nikishichev was Deputy General Director for Long-Term Development and Capital Construction, Vice President/Director for Restructuring of Coal Production in Russian Coal Company. From 1991 to 1993, he served as First Deputy President of the Management Board of Russia’s Coal Corporation. From 1970 to 1990, Mr. Nikishichev held various executive positions at YuzhKuzbassUgol United Coal Mining Company. He graduated from the Siberian Metallurgical Institute with a degree in mining engineering. Mr. Nikishichev also holds a doctorate in technical science from the Moscow State Mining University.