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CHZN - Chelyabinskiy Tsinkovyi Zavod PAO News Story

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ChelyabinskZincPlant: AGM Statement

NEWS RELEASE                                  

                                          For Immediate Release - June 25, 2015

                       Chelyabinsk Zinc Plant Holds AGM                        

Chelyabinsk, Russia - On June 24, 2015 Chelyabinsk Zinc Plant (LSE, MICEX:
CHZN) has held its Annual General Shareholders' Meeting. Participants in the
AGM, including shareholders and their representatives, control 96.4% of the
Company's voting shares.

Pavel Izbrekht, General Director of CZP, presented the annual report and CZP's
financials for the year ended December 31, 2014, and Company's social and
corporate policy.

The AGM approved the annual report and the financial statements of JSC "CZP"
for 2014.

The AGM voted in favor of not declaring and distributing dividends based on the
results of the 2014 financial year. Undistributed profit for 2014 at the amount
of RUB 1,676,503 thousand to allocate for finance the priority projects of JSC
"CZP".

The Shareholders elected the Board of Directors in an amount of 7 members. The
following persons were elected to the Board:

  * Vladimir Bublik;
  * Aleksandr Koval;
  * Oleg Meluhov;
  * Igor Myskin;
  * Andrey Panshin;
  * Mikhail Trofimov;
  * Vladimir Shvedov.

Also the composition of the Audit Commission in an amount of 3 members was
elected. LLC "Agency "Taxes and Financial Law" and CJSC "KPMG" were nominated
as independent auditors of the Company; an interested party transaction in
relation to the obtaining of directors and officers liability insurance for JSC
CZP was adopted.

About Chelyabinsk Zinc Plant

Chelyabinsk Zinc Plant is the leading Russian zinc producer. In 2014 the plant
produced 168,601 tonnes of saleable SHG zinc.

According to consolidated IFRS accounts, revenue in 2014 was RUB 16,508 mln and
EBITDA was RUB 3,825 mln.

Ordinary shares of CZP are traded on the Moscow exchange MICEX-RTS under ticker
CHZN and Global Depository Receipts (GDR) are traded on the London Stock
Exchange under ticker CHZN.

                                                   Investor and Media Contacts:

                                             Natalya Vasilieva, PR, ngv@zinc.ru

                                                        Tel: +7 (351) 799-01-52

                                              Evgeny Ponomarev, IR, eyp@zinc.ru

                                                          Tel: +7 963 998-55-58



END



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