The general size of dividends on usual shares, recommended by Board of directors to the a.g.m. of shareholders, will make 2 301 977 219,85 rubs (approximately 75 million dollars of the USA). the council-board of directors of OAO took place on Junes, 2 «Mechel», on which ratified to recommendation to the general meeting of shareholders’ about payment of dividends for 2008 in size of a 5,53 rub on one usual nominal bezdokumentarnuyu share (about 0,18 dollars of the USA on one ADR)*,
and also in size of a 50,55 rub on one preference nominal bezdokumentarnuyu share (about 1,6 dollars of the USA)*the .obschiy size of dividends preferred will make 7 014 162 053,25 rubs (over 228 million dollars of the USA)*. Such volume of dividends corresponds to position
Regulation of OAO «Mechel» in regard to preferredss.In decision of Board of directors payment will be produced by money facilities in a cashless order not later than December, 31, 2009.«Unfavorable state of affairs on world and Russian financial and commodity
markets, observed from October, 2008, inevitably caused the change of dividend policy to the company on usual shares. In the current situation of myschitaem unjustified to distract substantial money facilities from our operating streams. At the same time,
respecting rights for our shareholders, we did not consider it possible fully to give up payment of dividends», – a senior vice-president marked on finances of OAO «Mechel» Stanislav Ploschenko.* In a re-calculation on-course CB RF on Junes, 2, 2009, making 30,7441 rubs/$.
