MECHEL REPORTS DECISIONS OF ITS BOARD OF DIRECTORS
Moscow, Russia — May 31, 2016 – Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading
Russian mining and metals company, announces the decisions made by its Board of
Directors.
Mechel PAO’s Board of Directors decided on May 30, 2016 to approve
recommendations to the general meeting of shareholders regarding the payment of
dividends based upon the results of the 2015 fiscal year:
• the Board recommended not to pay an annual dividend with respect to ordinary
shares;
• the Board recommended an annual dividend of 0.05 rubles per one preferred
share.
Dividends must be paid by bank transfer within the time period and according to
form prescribed by Russian law.
The Board of Directors also recommended the general meeting of Mechel PAO’s
shareholders to approve dividing part of accumulated profit from previous years
as follows:
• to allocate 6,937,845.75 rubles for payment of dividends for listed preferred
shares;
• to leave the remainder of accumulated profit from previous years
31,904,551,427.37 rubles unallocated.
The Board of Directors also decided to add the following candidates to the list
of proposed members to the Board of Directors, to be voted upon by the annual
general meeting of shareholders due to be held on June 30, 2016, in compliance
with Russian law on joint ventures, part 7, article 53:
•	Alexander N. Shokhin,
•	Alexander D. Orischin,
•	Alexander N. Kotsky,
•	Viktor A. Trigubko.
The Board of Directors has earlier recommended the following people as
candidates to the Board to be voted upon at the general meeting of Mechel PAO’s
shareholders:
•	Oleg V. Korzhov;
•	Tigran G. Khachaturov;
•	Vladimir Yu. Korovkin;
•	Yury N. Malyshev;
•	Igor V. Zyuzin.
The Board of Directors also recommended the general meeting of shareholders to
set the date for determining the list of persons entitled to receive dividends
for preferred shares on July 11, 2016.
The annual general meeting of shareholders will be held on June 30, 2016 at the
following address: Russia, Moscow, Leningradsky Prospect, 40, Petroff Palace -
Petrovskiy Putevoy Dvorets.
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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is an international mining and steel company which employs 66,000 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.