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ChelyabinskZincPlant: Chelyabinsk Zinc Plant Board Decisions

NEWS RELEASE                                  

                                         For Immediate Release - March 05, 2015

                    Chelyabinsk Zinc Plant Board Decisions                     

Chelyabinsk, Russia - March 05, 2015 - Chelyabinsk Zinc Plant (LSE, MICEX-RTS:
CHZN), Russia's largest producer of zinc and zinc alloys, is pleased to
announce the decisions made by the Board of Directors at a meeting on March 04,
2015.

1. To approve list of candidates to be elected to the Board of Directors and
the Audit Commission at the 2015 Annual General Shareholders Meeting.

The following candidates were nominated to the Board of Directors:

 1. Vladimir Bublik;
   
 2. Pavel Izbrekht;
   
 3. Yuri Kachuro;
   
 4. Aleksandr Koval;
   
 5. Victoria Lazareva;
   
 6. Oleg Meluhov;
   
 7. Igor Myskin;
   
 8. Stanislav Naboichenko;
   
 9. Andrey Panshin;
   
10. Mikhail Trofimov;
   
11. Vladimir Shvedov.
   
The following candidates were nominated for election to the Audit Commission:

 1. Tatyana Knyazheva;
   
 2. Tatyana Kurkova;
   
 3. Andrey Marchenko;
   
 4. Gulnara Mingazova.
   
2. To terminate the authority of Petr Kondakov as the member of the Management
Board ahead of schedule from March 04, 2015 and to appoint from March 05, 2015,
at General Director's suggestion, Aleksandr Kharchenko (the Head of the supply
and sale office) as the new member of the Management Board.

3. To approve the Company's budget for 2015:

 1. The production volume of salable SHG zinc and zinc based alloys - 170.0
    thousand tonnes.
   
 2. The production volume of Akzhal's zinc in zinc concentrate - 36.3 thousand
    tonnes (CZP's affiliated company, Nova Zinc LLC, operator of Akzhal zinc
    and lead ore mine in Kazakhstan).
   
 3. The production volume at CZP's subsidiary, The Brock Metal Company Limited
    (the leading UK supplier of zinc die-casting alloys) - 37.2 thousand tonnes
    of products, including 36.2 thousand tonnes of zinc alloys.
   
 4. The investment program - RUB 2,240.3 mln, the majority of the funds (RUB
    1,770.8 mln) will be used on CZP's development.
   
About Chelyabinsk Zinc Plant

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

According to consolidated IFRS accounts, revenue in 2013 was RUB 13,062 mln and
EBITDA was RUB 1,077 mln.

Ordinary shares of CZP are traded on the Moscow exchange 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

This announcement may include forward-looking statements. CZP's actual results
may differ materially from those made in or suggested by the forward-looking
statements contained in this announcement. By their nature, forwarding-looking
statements involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future performance. Even if
the actual results are consistent with the forward-looking statements contained
in this announcement, those results may not be indicative of results or
developments in future periods. CZP does not undertake any obligation to update
any forward-looking statements to reflect events that occur or circumstances
that arise after the date of this announcement. 



END



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