Mechel Reports Selling Part of Controlling Stake in Vanino Sea Trade Port OAO to Investors

Mechel Reports Selling Part of Controlling Stake in Vanino Sea Trade Port OAO
to Investors

MOSCOW, Jan. 18, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, reports selling a part of its
earlier acquired controlling stake in Vanino Sea Trade Port OAO to investors.

In line with the conditions for the financing of the acquisition of 55%
(73,33% of common shares) of Vanino Sea Trade Port OAO's share capital,
Mecheltrans OOO sold a part of the port's common shares to Russian and foreign
investors, retaining some 1.5% of the enterprise's common shares. Investors
are not interested in transhipping their products through Port Vanino, which
will enable Mechel to use the port's entire capacity in the company's
interests.

Port Vanino has already begun shipping Mechel's cargo. The first vessel
carrying 30,000 tonnes of Yakutugol Holding Company OAO's coal products has
left port. Today another vessel, which will carry 40,000 tonnes of Yakutian
coals, is being loaded at the port.

Access to Port Vanino's transhipment capacities significantly enhances
Mechel's export potential in Asia and the Pacific and ensures guaranteed sales
volumes for the Group's coal products from Southern Kuzbass Coal Company OAO
and Yakutugol Holding Company OAO, taking into account the Elga deposit
development.

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.

The Mechel OAO logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8181

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.

CONTACT: Mechel OAO
         Pavel Taran
         Tel: +7 495 221-88-88
         pavel.taran@mechel.com

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