March 19, 2021

Mechel announces the submission of the 20-F report for 2020 to the US Securities and Exchange Commission

Moscow, Russia - March 19, 2021 - Mechel PAO ( MOEX: MTLR, NYSE: MTL), a leading Russian mining and metals company, announces that the company's 20-F annual report for the period ended December 31, 2020 has been submitted to the US Securities and Exchange Commission.

The report is available at the following link: https://www.sec.gov/Archives/edgar/data/1302362/000119312521085807/0001193125-21-085807-index.htm

The report is also available on Mechel PAO's website: https://mechel.com/shareholders/report/

Shareholders of the company can apply for a free printed version of the latest 20-F report with audited financial statements by sending a request to Mechel PAO at ir@mechel.com

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Mechel PAO Alexey Lukashov Tel: + 7 495 221 8888alexey.lukashov @ mechel.com

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Mechel is a global mining a common 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 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 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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