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Mechel announces new appointment

Press Releases
February 17, 2021

Mechel announces new appointment

Moscow, Russia - February 17, 2021 - Mechel PAO (MICEX: MTLR, NYSE: MTL), a leading Russian mining company and a metallurgical company, announces the appointment of Vladimir Osokin as deputy general director for ecology and environmental protection.

This is a new position in the organizational structure of the company. Previously, Vladimir Osokin worked as an advisor to the CEO of Mechel. In his new capacity, he will oversee a wide range of issues related to the modernization of production and the implementation of environmental programs, the introduction of modern methods of environmental management and the use of best practices in this area, as well as overall control over the implementation of the environmental policy of the Mechel Group.

“Considering that we are building a systematic work to improve the level of environmental safety, the appearance in the company's management of a top manager in charge of this area is quite logical. Today Mechel is implementing a large-scale environmental program at the Chelyabinsk industrial site, investments in it in the coming years will exceed 13 billion rubles. Large projects in the field of ecology are underway in other regions of the company's presence. I am confident that Vladimir Evgenievich's specialized experience and professionalism will help us to complete everything on time, reduce environmental risks and meet high environmental efficiency standards, "commented Mechel PAO General Director Oleg Korzhov.

Biographical note :

Osokin Vladimir Evgenievich

2019-2021 - Advisor to the General Director of Mechel PAO

2009-2018 - held senior positions in the Ministry of Natural Resources resources and ecology of the Russian Federation

2006-2009 - Assistant to the Head of the Federal Forestry Agency

Graduated from the Bratsk Industrial Institute with a degree in Power Supply of Industrial Enterprises, Cities and Agriculture and Krasnoyarsk State University specialty "Jurisprudence".

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Mechel PAO Ekaterina Videman Tel .: +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 efficiency 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.

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