Mechel Announces New Appointments

• Press Release
• Source: Mechel OAO
• On 8:03 am EDT, Monday September 21, 2009

MOSCOW, Sept. 21, 2009 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL - News), 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.

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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 a 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."

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, steel, rolled products, ferroalloys, hardware, heat and electric power. Mechel products are marketed domestically and internationally.

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.

Mechel OAO
Ilya Zhitomirsky
+ 7 495 221 88 88
ilya.zhitomirsky@mechel.com