Mechel Announces New Appointments

Moscow, Russia – September 21, 2009 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of new Managing Director at Korshunov Mining Plant OAO, which is a part of the company’s subholding structure Mechel Mining.

Boris Sedelnikov (51) has been appointed Managing Director of Korshunov Mining Plant OAO from September 21, 2009. Mr. Sedelnikov succeeds Yuriy Efimenko, who will proceed to work in Mechel Mining Management Company OOO as Deputy General Director and Director of HR Department.

Prior to his appointment, Mr. Sedelnikov worked as Deputy General Director and Director of Operational and Technical Department of Mechel Mining Management Company OOO from August 2009 to September 2009. In 2008 - 2009 he was Director of Mining and Technical Department of Mechel Mining Management Company OOO. Mr. Sedelnikov held various positions in Yakutugol HC OAO from 2002 to 2008, his last position there was Technical Director. In 1985-2002, he worked at Neryungri Open Pit Mine, Yakutugol Coal Mining Production Association rising from drilling machine operator assistant to Deputy Director of Operations.

Mr. Sedelnikov graduated from Kuzbass Polytechnic institute with a degree in mining engineering. He also had professional retraining course at the Academy of National Economy under the Government of the Russian Federation and received qualification in Company Development Management.

Mechel OAO Senior Vice President Vladimir Polin commented on the appointment: “Mr. Sedelnikov has been working at Mechel’s subsidiaries in the field of mining for many years. He has proved himself as a perfect specialist having excellent education, deep knowledge and extensive practical experience. I am sure he will continue successful work aimed at cost reduction and increase of production performance at Korshunov Mining Plant and fulfill all the tasks set by the Group.”

Mr. Polin continued: “Mechel is committed to modern management technologies and one of these methods is rotation of managerial personnel. We seek to give our managers opportunity to fulfill their potential to the fullest extent, to try themselves in managing various subsidiaries, and to rise to the level of the holding companies inside the Group. Such managers experienced in strategic activities are also beneficial for the subsidiaries as these managers are able to set up and fulfill tasks taking into account the needs of the entire Group, they can look at the existing problems at a new angle and hence they may find optimal ways to resolve them.”