Mechel OAO reports extending the maturity of the loans granted by VTB Bank earlier to Southern Kuzbass Coal Company OAO and Yakutugol Holding Company OAO, totaling RUB 15.8 billion. Southern Kuzbass Coal Company OAO and Yakutugol Holding Company OAO signed agreements with VTB Bank on extending the maturity of the loans granted earlier totaling RUB 15.8 billion. According to the new schedule, payment on the loans will begin in April 2015 with the final payment to be made in 2018.

By signing these agreements, Mechel completed restructuring of its loans from VTB Bank as part of agreements reached in April. The sum of all extended loans totaled RUB 33.8 billion, including RUB 18.6 billion for 2014, RUB 6.4 billion for 2015 and RUB 8.8 billion for 2016. Mechel has all the necessary basis for successful development in the medium term.