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CHZN - Chelyabinskiy Tsinkovyi Zavod PAO News Story

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PJSC CZP: Chelyabinsk Zinc Plant announces of Brock Metal sale(UK)


For Immediate Release – June 06, 2018

PJSC Chelyabinsk Zinc Plant announces completion of sale of The Brock Metal
Company Limited.

Chelyabinsk, Russia – June 06, 2018 - Chelyabinsk Zinc Plant (LSE, MOEX:
CHZN), Russia’s largest producer of zinc and zinc alloys, announces the
completion of  sale of The Brock Metal Company Limited.

PJSC CZP confirms that on the 31st May 2018 it completed the transfer of the
Brock Metal business to The NFM Group.

The Brock Metal Company is based in Cannock (UK) and is a leading supplier of
zinc die-casting and galvanizing alloys in the UK and European markets. The
NFM Group, one of the major zinc alloy producers in the European market. NFM
Group is a privately held company. Its principal shareholders are the managers
of the operational subsidiaries NFM-Cramet N.V. and NFM Alloyz S.A.

All of Brock’s existing management team and employees will continue with the
business. The transaction was advised on by Hawkins Hatton Corporate Lawyers
for NFM and Shakespeare Martineau LLP for CZP. The Company and its
directors’ were advised by KPMG, who ran the sales process.

Pavel Izbrekht, General Director of CZP, said: «Taking into account the
strategy of CZP and its priorities it’s expected that sale of The Brock
Metal Company enables CZP to focus on the raw-materials base development and
the main production modernization, thereby concentrating funds on the domestic
market. Furthermore, considering current LME zinc prices, this transaction is
attractive and economically effective one for CZP».

About Chelyabinsk Zinc Plant

Chelyabinsk Zinc Plant is the leading Russian zinc producer. In 2017 the plant
produced 183,002 tonnes of saleable SHG zinc.

According to consolidated IFRS accounts, revenue in 2017 was RUB 38,548 mln
and EBITDA was RUB 9,266 mln.

CZP ordinary shares are traded on the Moscow exchange under ticker CHZN and
Global Depositary Receipts (GDR) are traded on the London Stock Exchange under
ticker CHZN.


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

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