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Mechel Announces 1Q2021 Financial Results

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May 20, 2021

Mechel announces 1Q2021 financial results

Moscow, Russia - May 20, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL) , a leading Russian mining and metallurgical company, announces financial results for the first quarter of 2021.

Consolidated revenue - 76.0 billion rubles (+ 13% by 1Q 2020)

EBITDA - 18.2 billion rubles (+ 39% by Q1 2020)

Profit attributable to shareholders of Mechel PAO - 7.9 billion rubles

Press release (PDF)

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Mechel PAO Alexey Lukashov Tel: + 7 495 221 88 88alexey.lukashov@mechel.com

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Mechel is a global mining and metals 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 PAO periodically submits to the US Securities and Exchange Commission, including the Form 20-F annual report. 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, the 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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