Common Contracts

MECHEL OAO 32,000,000 Preferred Shares (par value 10 Russian Rubles per Preferred Share) UNDERWRITING AGREEMENT

Underwriting Agreement • April 20th, 2011 • Mechel OAO • Steel works, blast furnaces & rolling mills (coke ovens) • New York

• Contract Type
  Underwriting Agreement
• Filed
  April 20th, 2011
• Company
  Mechel OAO
• Industry
  Steel works, blast furnaces & rolling mills (coke ovens)
• Jurisdiction
  New York

Skyblock Limited, a company registered in Cyprus with registration number HE 216625 issued on December 19, 2007, whose registered office is located at Julia House, Themistokli Dervi 3, PC 1066, Nicosia, Cyprus (“Skyblock”), acknowledges that Morgan Stanley & Co. Incorporated, Renaissance Securities (Cyprus) Limited and VTB Capital Plc (the “Underwriters”) propose to enter into an Underwriting Agreement (the “Underwriting Agreement”) with Mechel OAO, a joint stock company organized under the laws of the Russian Federation (the “Company”) and James C. Justice II, James C. Justice Companies Inc., James C. Justice III and Jillean L. Justice (collectively, the “Selling Shareholders”), providing for the public offering (the “Public Offering”) by the several Underwriters of 32,000,000 preferred shares (par value 10 Russian Rubles per preferred share). The common (par value 10 Russian Rubles per common share) and preferred shares (par value 10 Russian Rubles per preferred share) of the Company

MECHEL OAO [l] Preferred Shares (par value 10 Russian Rubles per Preferred Share) in the form of American Depositary Shares UNDERWRITING AGREEMENT

Underwriting Agreement • May 7th, 2010 • Mechel OAO • Steel works, blast furnaces & rolling mills (coke ovens) • New York

• Contract Type
  Underwriting Agreement
• Filed
  May 7th, 2010
• Company
  Mechel OAO
• Industry
  Steel works, blast furnaces & rolling mills (coke ovens)
• Jurisdiction
  New York

Skyblock Limited, a company registered in Cyprus with registration number HE 216625 issued on December 19, 2007, whose registered office is located at Julia House, Themistokli Dervi 3, PC 1066, Nicosia, Cyprus (“Skyblock”), acknowledges that Morgan Stanley & Co. Incorporated and Renaissance Securities (Cyprus) Limited (the “Underwriters”) propose to enter into an Underwriting Agreement (the “Underwriting Agreement”) with Mechel OAO, a joint stock company organized under the laws of the Russian Federation (the “Company”) and James C. Justice II, James C. Justice Companies Inc., James C. Justice III and Jillean L. Justice (collectively, the “Selling Shareholders”), providing for the public offering (the “Public Offering”) by the several Underwriters of [•] preferred shares (par value 10 Russian Rubles per preferred share) and not more than [•] additional shares of the Company’s preferred shares (par value 10 Russian Rubles per preferred share) in the form of American Depositary Shares (“