NEWS RELEASE                                  

                                      For Immediate Release - December 29, 2014

                              Holdings in Company                              

Chelyabinsk, Russia - December 29, 2014 - Chelyabinsk Zinc Plant (LSE,
MICEX-RTS: CHZN) has received notification, on December 26, 2014, from company
UCP Resources Limited that as at December 16, 2014 it holds 12,152,159 ordinary
shares in the JSC CZP. This represents 22.43% of the existing issued share
capital of Chelyabinsk Zinc Plant.

About Chelyabinsk Zinc Plant

Chelyabinsk Zinc Plant is the leading Russian zinc producer. In 2013 the plant
produced 166,357 tonnes of saleable 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 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



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