Vladivostok, Russia - September 5, 2019 - Mechel PAO (MOEX: MTLR, NYSE: MTL), a leading Russian mining and metals company, announces the signing of an agreement of intent for cooperation in the field of subsoil use with AO Rosgeologia. The ceremony was held within the framework of the V Eastern Economic Forum, the document was signed by Sergey Gorkov, CEO - Chairman of the Rosgeologia Management Board, and Oleg Korzhov, Mechel CEO.

In accordance with the agreement, the parties expressed their readiness to cooperate in the implementation of projects for search and evaluation and exploration of new highly liquid mineral deposits and their further exploitation.

The document also provides for the possibility of establishing joint ventures by Mechel and Rosgeologia for the implementation of projects for the search, assessment and further development of mineral deposits.

In addition, the parties agreed that they will consider various possibilities for updating, reevaluating and additional exploration of reserves of unexploited (mothballed) fields to involve them in production.

“The unique experience of Rosgeology, the latest digital solutions applied company, will allow us to more effectively study the subsoil and develop promising mineral deposits in the Far Eastern District. I am confident that bilateral cooperation will have a positive impact on the further development of the mining industry in our country, ”said Oleg Korzhov, General Director of Mechel PAO.

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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 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 predictions about 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 caution 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 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 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.

5.09.2019

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