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Mechel and BELAZ-24 signed a contract for the supply of mining dump trucks

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Novokuznetsk, Russia - June 5, 2019 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and metallurgical company, announces that it has entered into an agreement with TSP BELAZ-24 LLC for the supply of 15 mining trucks with a total worth about 2 billion rubles.

The signing took place within the framework of the International Specialized Exhibition of Mining Technologies Coal of Russia and Mining in Novokuznetsk.

New equipment with a carrying capacity of 130 to 220 tons will go to the Mechel Group enterprises in Kemerovo and Irkutsk regions: 11 BelAZ trucks will operate at the open-pit mines of PJSC Yuzhny Kuzbass and four at PJSC Korshunovsky GOK. Delivery time - June-August 2019.

“The renewal of the technological vehicle fleet is one of the important areas of the capital investment program at our mining enterprises. The acquisition of new dump trucks will increase production and the volume of stripping work, "commented Pavel Shtark, General Director of Mechel Mining Management Company.

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Mechel PAO Ekaterina VidemanTel .: +7-495-221-88-88ekaterina.videman@mechel.com

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Mechel is a global mining and metallurgical company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.

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Certain statements in this press release may contain assumptions or forecasts regarding future events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to warn you that these statements are only assumptions and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Annual Report on Form 20-F. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including but not limited to achieving the anticipated level of profitability, growth, cost and effectiveness of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility of stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.

06/05/2019

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