Business Summary

Mechel is a steel and mining company engaged in producing and selling mining products used in the production of steel, primarily coking coal, iron ore and nickel. The Company is also engaged in producing and selling semi-finished steel products; carbon and specialty long products; carbon and stainless flat products; and value-added downstream metal products including hardware, stampings and forgings. The Company also produces coke, both for internal use and for sales to third parties. The Company operates in four business segments: the mining segment, the steel segment, the Ferroalloys segment and the power segment. The Company sells its products within Russia and foreign markets.

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DR Price Date DR Price USD US / Non-US / Total DRs US / Non-US / Total DR Capital Raised USD
Mar 20, 2006 22.00 0
15,900,000
15,900,000
0
349,800,000
349,800,000
Oct 29, 2004 21.00 13,900,000
0
13,900,000
291,900,000
0
291,900,000

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DR Symbol MTL
CUSIP 583840103
DR Exchange New York Stock Exchange
DR ISIN US5838401033
Ratio DR:ORD 1:1
Depositary DB (Sponsored)
Effective Date Oct 29, 2004
Country Russia
Industry Indust.Metals&Mining

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Month Month End
DR Close
Price
DR Trading Volume Avg Day DR
Trading
Volume
Aug. 14 1.71 9,484,466 451,641
Jul. 14 1.89 16,041,915 729,178
Jun. 14 2.19 17,751,747 845,321
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