MECHEL ANNOUNCES ESTABLISHING MECHELTRANS MANAGEMENT OOO

Moscow, Russia – April 05, 2010 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces establishing Mecheltrans
Management OOO.
Mecheltrans Management OOO started working on the 1st of April, 2010. The
company was established in order to increase efficiency of management of Mechel
group’s logistic assets. Functions of the management company cover preparation
of complex solutions for goods transportation; control over Mechel’s plants
shipment schedules, as well as coordination, planning and analysis of the
group’s transportation subsidiaries’ operations, development of logistic assets
and capital development.

Mecheltrans Management OOO manages Mecheltrans OOO and Mecheltrans Ukraine OOO,
which provide rail and car transportation of goods. Also the structure of
Mecheltrans Management OOO includes Maritime Cargo Shipping OOO which provides
sea transportation, Port Posiet OAO, Port Mechel-Temruyk ООО, Port Kambarka OAO,
Port Mechel-Vanino ООО (project). Also Mecheltrans Management OOO manages
Mecheltrans Vostok OOO which would control operations of Ulak-Elga railway.

Aleksandr Starodubov is appointed CEO of Mecheltrans Management OOO.
The establishment of Mecheltrans Management OOO was held in the framework of
general program of Mechel group’s management system restructuring that was set
up in 2008. The program’s implementation would allow better focusing of
management’s operation at each division of the group and thus providing maximum
efficiency of all Mechel’s subsidiaries operations.
Mechel OAO
Ekaterina Videman
Phone:  (495) 221-88-88
ekaterina.videman@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, steel, ferrochrome, ferrosilicon, 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.