 MOSCOW, RUSSIA ACCESSWIRE June 4, 2020 Mechel PAO MTLR.ME MTL, one of the leading Russian mining and metals companies, reports the decisions made by its Board of Directors at a meeting held on June 4, 2020. Mechel PAOs Board of Directors determined the repurchase price of Mechel PAOs ordinary shares as based on the volume-weighted average price calculated according to the results of on-exchange trading over the six months prior to the date of the decision to hold the annual shareholder meeting, which will take place on June 30, 2020. In case the companys shareholders meeting approves the agenda item of the annual general shareholder meeting On further approval and agreement to major deals which are also related-party transactions, those shareholders who are holding Mechel PAOs ordinary shares and have the right to demand share buyback, may exercise their right in accordance with Russias applicable legislation. 