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A Meeting Was Held Between Herman Gref, the Chairman of the Board and Chief Executive Officer of Sberbank, and Igor Zyuzin, the

A Meeting Was Held Between Herman Gref, the Chairman of the Board and Chief
Executive Officer of Sberbank, and Igor Zyuzin, the Chairman of the Board of
Directors of Mechel OAO

MOSCOW, April 26, 2013 (GLOBE NEWSWIRE) -- A meeting took place on April 25
between Herman Gref, Chairman of the Board and Chief Executive Officer of
Sberbank, and Igor Zyuzin, the Chairman of the Board of Directors of Mechel

Various aspects of further cooperation were discussed during the meeting. The
participants confirmed that Sberbank and Mechel view each other as reliable
and promising partners interested in long-term, mutually-beneficial

Herman Gref emphasized that Sberbank is always ready to consider various
options to support the industrial projects that Mechel is developing which are
important for the Russian economy, such as the construction of a universal
rolling mill at Chelyabinsk Metallurgical Plant and the development of the
Elga coal deposit in South Yakutia. Igor Zyuzin in turn noted that
partner-like relations with Russia's leading financial institutions are of
strategic importance to Mechel.

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.

Sberbank of Russia is the largest bank in Russia which has about one third of
all assets in the Russian banking sector. The founder and principal
shareholder is the Central Bank of Russia, which owns 50% of the Bank's
authorized capital plus 1 voting share. The rest of the shares are held by
international and domestic investors. More than 100 million individual
customers bank with Sberbank and about 1 million of businesses. Sberbank has a
unique branch network in Russia: more than 18,000 units and branches. The
foreign net of the Bank represents bank subsidiaries, branches and
representative offices in 20 countries including CIS, Central and Eastern
Europe as well as Turkey.

General license of the Bank of Russia to perform bank operations 1481.
Bank's official site -

         Anton Lapin
         Tel: + 7 495 221 88 88

         Sberbank of Russia
         Alexander Baziyan
         Public Relations 
         Tel. +7(495) 957 5721

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