6779a9c8-34dd-49bb-8c62-a896b463ed29.pdf NEWS RELEASE

For Immediate Release - June 28, 2016

Chelyabinsk Zinc Plant Holds AGM Chelyabinsk, Russia - On June 28, 2016 Chelyabinsk Zinc Plant (LSE, MICEX: CHZN) has held its Annual General Shareholders' Meeting. Participants in the AGM, including shareholders and their representatives, control 70.2% 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, 2015, and Company's social and corporate policy.

The AGM approved the annual report and the financial statements of JSC "CZP" for 2015.

The AGM voted in favor of not declaring and distributing dividends based on the results of the 2015 reporting year. Undistributed profit for 2015 at the amount of RUB 2,336,276 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;

  • Bronislav Gongalo;

  • Pavel Izbrekht;

  • Oleg Meluhov;

  • Igor Myskin;

  • Andrey Panshin;

  • Vladimir Shvedov.

Also the composition of the Audit Commission in an amount of 3 members was elected. LLC "Agency "Taxes and Financial Law" and JSC "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; redrafted Charter of JSC CZP and redrafted Regulations on the Board of Directors of JSC CZP were adopted.

About Chelyabinsk Zinc Plant

Chelyabinsk Zinc Plant is the leading Russian zinc producer. In 2015 the plant produced 171,002 tonnes of saleable SHG zinc.

According to consolidated IFRS accounts, revenue in 2015 was RUB 24,013 mln and EBITDA was RUB 4,789 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

JSC Chelyabinsk Zinc Plant published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 13:05:01 UTC.

Original documenthttp://en.zinc.ru/netcat_files/197/196/CZP_AGM_2015_Statement__dlya_sayta_ChTsZ_.pdf

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