core sector communique

Russian President Vladimir Putin Congratulated Yakutugol Holding Company OAO’s Employees on Their Professional Holiday in Live Video-Link

Moscow, Russia – August 21, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports that Russian President Vladimir Putin spoke through a live video-link with Elga Coal Complex’s employees. As part of a ceremony celebrating Miner’s Day, Vladimir Putin congratulated coal industry workers with their professional holiday. The ceremony included a video-link that involved employees of Yakutugol Holding Company OAO, part of Mechel Mining OAO, participating in Mechel’s most important project — development of the Elga coal deposit, one of the world’s largest coking coal fields. Vladimir Putin said that Elga Open Pit’s team had managed to make great progress in a short period of time, and that he remembered well how the project evolved right up from the licensing process. “This is a very important and a very promising project for the entire industry, but what is essential and most pleasant is that it develops our Far East territories and allows us to work efficiently not only to benefit our own economy and our country, but also the Asia Pacific markets,” the president noted. 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.