MECHEL REPORTS SIGNING AGREEMENT ON CARGO TRANSPORT POOL SYSTEM WITH
TRANSCONTAINER OAO

Moscow, Russia – April 23, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces signing an agreement on creating
a pool system for transporting cargo with the Russia’s leading intermodal
container operator, JSC TransContainer.
The agreement was signed on the sidelines of the 19th Moscow International
Transport & Logistics Exhibition and Conference “TransRussia”. According to the
document, TransContainer will handle multimodal transportation of Mechel’s cargo
of various types in containers. The annual turnover of cargo will amount to over
5,000 twenty-foot container units.
Currently TransContainer ensures monthly transportation of some 400-450
twenty-foot containers with Mechel’s industrial facilities’ cargo to the
company’s partners in Russia and abroad.
“TransContainer considers Mechel Group a reliable partner. With the signing of
this agreement, our cooperation will become systematic and, I imagine, long-term
as well. The geography of our work covers not only Russia but also CIS member
states and Asia Pacific countries. We have the requisite experience and
resources to offer Mechel high-quality service in container transportation,”
TransContainer’s Chief Executive Officer Petr Baskakov commented.
 “This new format of cooperation with JSC TransContainer will certainly enable
us to streamline the Group’s container transport system. Moreover, we will be
able to improve the quality of logistics on our geographic routes for Mechel’s
enterprises, thus bringing down transport costs,” Mecheltrans OOO’s Managing
Director Sergei Kulakov said.

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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

Note for editors:

TransContainer is Russia’s leading container transportation and logistics
company, with 46 terminals in all of Russia’s cargo formation centers, as well
as 18 railway terminals in Kazakhstan (through its subsidiary Kedentransservice
AO, Kazakhstan’s leading private railway terminal network operator) and the
Dobra container terminal on the Ukrainian-Slovakian border. The company’s sales
network includes over 140 offices in Russia, with a presence in the CIS member
states, Europe and Asia. TransContainer is also the owner of the largest park of
specialized rolling stock in Russia, the CIS and the Baltics, with over 26,000
railcars and over 62,000 ISO containers.
Russian Railways OAO owns 50% plus two shares of TransContainer OAO, with 24.1%
owned by FESCO Transport Group, 9.25% by European Bank of Reconstruction and
Development, Transfingroup Asset Management (manager of pension assets of
Blagosostoyanie Non-State Pension Fund) – 8.6%.
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Mechel is an international mining and steel company which employs over 80,000
people. Its products are marketed in Europe, Asia, North and South America,
Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled
products, ferroalloys, heat and electric power. All of its enterprises work in a
single production chain, from raw materials to high value-added products.
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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.