Moscow, Russia – May 04, 2009 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of Alexey Ivanushkin as Chief Executive Officer of the Oriel Resources Company Ltd (Great Britain).

Alexey Ivanushkin, 46, has been appointed Chief Executive Officer of the Oriel Resources Company Ltd. (Great Britain), which united all the ferroalloy assets of Mechel OAO: Tikhvin Smelting Plant (St. Petersburg region), Southern Urals Nickel Plant (Orenburg region), Bratsk Ferroalloy Plant (Irkutsk region), mining and processing plant Voskhod Chrome, Voskhod Chrome Deposit and Shevchenko Nickel Deposit (Kazakhstan).

In this new position Mr. Ivanushkin will be in charge of the strategic management of Mechel’s Ferroalloy Division.

The position of Chief Operating Officer at Mechel OAO has been eliminated.

Since October 2008 Mr. Ivanushkin has been Director of the Oriel Resources Company Ltd. He held the position of Mechel’s Chief Operating Officer from January 2004 until February 2009 and was Chief Executive Officer of Mechel Steel Group OAO from March 2003 to January 2004. He has been Chairman of the Board of Directors at Mechel’s subsidiary, Chelyabinsk Metallurgical Plant OAO, since 2002. From 1999 to 2002, Mr. Ivanushkin served as General Director of the Chelyabinsk Metallurgical Plant, and from 1993 to 1999 he was the Director of the ferrous metals and ferroalloy department at the Moscow office of Glencore International AG.

Mr. Ivanushkin graduated from Moscow State University of Foreign Affairs (MGIMO) with a degree in economics and international affairs.