2/20/2019 Mechel Announces Closing Of a Deal to AcquireCoking Coal Assets of Bluestone Coal Corp. Russian version Search About Us What We Do Products Main Press Center Shareholders & Investors Press Center Human Resources and Social Policy Press Releases Press Releases Photo Library Press Releases Factsheet on Mechel and its Assets Press Services of Mechel's Assets Regional News Mechel in Media Mechel Announces Closing Of a Deal to AcquireCoking Coal Assets of Bluestone Coal Corp. Mechel's activities Mining Steel Power Logistics Sales Procurement 8 May 2009 Share it Moscow, Russia – May 08, 2009 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, today announced that its subsidiaries have closed the acquisition, which was reported on April 22 2009, of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company and some of its West Virginia affiliates (together “Bluestone”), privately-held West Virginia-based coal businesses engaged in the mining, processing and sale of premium quality hard coking coal. The aggregate merger consideration is $436 million paid in cash (including $36 million interest paid), approximately 83.3 million preferred shares, plus the assumption of approximately $132 million of net debt. Other business activities conducted by the owners of Bluestone Coal Corp., including steam coal operations in Kentucky and other non-coal operations, were not included in the transaction. *** Mechel OAO Ilya Zhitomirsky Phone: + 7 495 221 88 88 ilya.zhitomirsky@mechel.com *** Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally. *** 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. 08.05.2009 All Press Releases © PАО «Mechel», 2019 +7 (495) 221-88-88, mechel@mechel.com 125167, Moscow, ul. Krasnoarmeiskaya, d. 1 Contact Information Procurement / Disclaimer Print it Feedback Press-center Careers Design and Support — internet-agency Artus. Sitemap http://www.mechel.com/press/press?rid=25062&oo=1&fnid=68&newWin=0&apage=3&nm=120714&fxsl=view_soc.xsl 1/1