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CHZN - Chelyabinskiy Tsinkovyi Zavod PAO News Story

RUB414 -4.0  -1.0%

Last Trade - 25/04/16

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ChelyabinskZincPlant: Results of Meeting

Thu 17th September, 2015 1:16pm
NEWS RELEASE                                  

                                     For Immediate Release - September 17, 2015

               Chelyabinsk Zinc Plant's Board Meeting Decisions                

Chelyabinsk, Russia - Chelyabinsk Zinc Plant (LSE, MICEX: CHZN), Russia's
largest producer of zinc and zinc alloys, announces the decisions made by the
Board of Directors at the meeting in absentia on September 17, 2015.

The Board of Directors approved the significant transaction: a credit line
agreement between JSC CZP and JSC Gazprombank.

Loan limit - RUB 7,000 mln.

Lending purpose - financing of JSC CZP's financial and operational activities.

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,
                                                        Tel: +7 (351) 799-01-52
                                              Evgeny Ponomarev, IR,
                                                          Tel: +7 963 998-55-58


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