Mechel Announces Board of Directors' Resolutions

Mechel Announces Board of Directors' Resolutions

MOSCOW, April 22, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, announces the resolutions of
Mechel OAO's Board of Directors.

The Board of Directors of Mechel OAO (the Company) held a meeting on April 19,
2013. The following resolutions were adopted at the meeting:

1. To convene the Annual General Shareholders' Meeting of Mechel OAO on June
28, 2013. The General Shareholders' Meeting will be held at: 1
Krasnoarmeyskaya str., Moscow, Russian Federation, in the conference hall, at
14:00 local time.

2. To approve the following agenda for the Annual General Shareholders'
Meeting:

- Approval of the Company's Annual Report.

- Approval of the Company's Annual Financial Statements.

- Distribution of the Company's profit, including payment (declaration) of
dividends, based on the results of the financial year.

- Election of members of the Company's Board of Directors.

- Election of members of the Company's Review Commission.

- Approval of the auditor of the Company.

- Approval of the revised Charter of the Company.

- Approval of the revised Bylaw on Awards to the Board of Directors of the
Company and Compensation of Expenses Linked to Their Functions as Members of
the Board of Directors.

- Approval of related-party transactions.

3. To prepare the list of the shareholders eligible to take part in the Annual
General Shareholders' Meeting based on the data in the Shareholders' Register
as of May 17, 2013.

The Board of Directors determined the procedure of announcing to the
shareholders of the Annual General Shareholders' Meeting, the text of this
announcement, the list of information materials to be offered to the
shareholders in preparation for the Annual General Shareholders' Meeting and
the procedure for providing such materials.

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.

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
         Anton Lapin
         Tel: + 7 495 221 88 88
         antonlapin@mechel.ru

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