January 28, 2021

Mechel will accelerate the pace of implementation of environmental projects in Chelyabinsk

Chelyabinsk, Russia - January 28, 2021 - Mechel Group (MOEX: MTLR, NYSE: MTL), a leading Russian mining and metallurgical company, announces the signing of another agreement on the implementation of measures to reduce emissions of pollutants into the air of the city of Chelyabinsk. As part of the agreement, ChMK will shorten the deadlines for the implementation of some points of the environmental agreement from 2019 and take on additional obligations.

The updated set of measures to reduce the environmental load on the atmospheric air under this agreement will be calculated until 2026

The volume of investments will amount to more than 3 billion rubles.

The document was signed by the Governor of the Chelyabinsk Region Alexey Teksler and the General Director of Mechel PAO Oleg Korzhov.

As part of the agreement The plant will install a modern gas cleaning system at the foundry yard of blast furnaces No. 4 and 5, overhaul blast furnace No. 5, modernize the gas cleaning system in the electric arc furnace shop with a set of measures to restore the efficiency of wet gas cleaning, and take measures to maintain the efficiency of gas cleaning units. /p>

The Governor of the Chelyabinsk Region Alexei Teksler noted: “We can say that we have formed the entire volume of obligations to resolve environmental objectives. I would like to thank the management of Mechel, Oleg Viktorovich personally, for the fact that the company understands the need to address environmental issues. We have formed a set of measures, a number of them are big serious technical solutions that require preparation, design, and purchase of expensive equipment. So we have in addition to our big basic agreement with the company plus 5 events. Then we will monitor the progress in fulfilling these obligations and I am sure that the company will cope with them. ”

“ We were sympathetic to the proposal of the head of the Chelyabinsk region to revise the deadlines for the implementation of the environmental program and jointly developed an updated action plan, the implementation of will reduce emissions of pollutants by 433 tons per year. What is important: about 330 tons of them are substances of I, II and III hazard classes. The total amount of pollutant emissions following the implementation of this agreement, as well as the four-party agreement signed in 2019, will be reduced by more than 15 thousand tons per year. Our enterprises in Chelyabinsk are waiting for major technological changes, including an important component of the document signed today will be the project for the installation of aspiration of the foundry yard of blast furnace No. 4, the terms of which we have reduced by more than a year - to the 2nd quarter of 2023, so that our the modernization program has yielded positive results, ”said Oleg Korzhov, General Director of Mechel PAO.

The signed document became the fourth environmental agreement implemented by Mechel in Chelyabinsk. It should be noted that at ChMK, in addition to a set of measures to reduce the impact on the atmosphere, which became part of the federal project "Clean Air", the program continues to reduce the impact on water bodies and improve the treatment of industrial wastewater. The corresponding agreement between Mechel Group and the Chelyabinsk Region was signed in November 2020. This will reduce the discharge of waste water into water bodies by 3.5 times, the volume of investments will be about 1.5 billion rubles.

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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 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 upcoming 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 may cause significant discrepancy between actual results and our assumptions and forecasts regarding upcoming events, including, but not limited to

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