MECHEL INTENDS TO HOLD BONDS RESTRUCTURING

Moscow, Russia – May 5, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of
Russia's leading mining and steel companies, reports its intention to
restructure 17, 18 and 19 series of Mechel PAO's bonds.
The company intends to offer holders of 17-series bonds (State registration
number 4-17-55005-E, dated 10.08.2010), 18-series bonds (state registration
number 4-18-55005-E, dated 10.08.2010) and 19-series bonds  (state registration
number 4-19-55005-E dated 10.08.2010) to introduce changes in the current
payment schedule and reconsider the order of determining the coupon rate for
future periods.
VTB Capital AO, Gazprombank (AO) and Svyaz-Bank AKB PAO act as the company's
restructuring agents.
Those bondholders who wish to be kept informed of the restructuring process are
requested to send to these addresses: bonds@vtbcapital.com,
bondsbook@gazprombank.ru, bonds@sviaz-bank.ru the following information to
ensure coordination of further actions:
•	name of holder (for persons - full name)
•	series and number of bonds held;
•	in case the holder is not a MICEX trade participant (acts through broker) -
name of broker the holder uses to trade in bonds;
•	holder's contacts, including telephone number and email address.
Information on the restructuring process will be published on the company's
website at www.mechel.ru/shareholders/bonds
The date for the bondholders' meeting will be announced separately.

***
Mechel is an international mining and steel company which employs 67,000 people.
Its products are marketed in Europe, Asia, North and South America, Africa.
Mechel unites producers of coal, iron ore concentrate, steel, rolled products,
ferroalloys, heat and electric power. All of its enterprises work in a single
production chain, from raw materials to high value-added products.

***
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.