Chelyabinskiy tsinkovyi zavod : Chelyabinsk Zinc Plant Board Decisions

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NEWS RELEASE

For Immediate Release - March 04, 2016

Chelyabinsk Zinc Plant Board Decisions

Chelyabinsk, Russia - March 04, 2016 - Chelyabinsk Zinc Plant (LSE, MICEX: 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, 2016.

1. To approve list of candidates to be elected to the Board of Directors and the Audit Commission at the 2016 Annual General Shareholders Meeting.

   
   

   The following candidates were nominated to the Board of Directors:

   
   

2. Vladimir Bublik;

3. Bronislav Gongalo;

4. Pavel Izbrekht;

5. Oleg Melukhov;

6. Igor Myskin;

7. Andrey Panshin;

8. Vladimir Shvedov.




The following candidates were nominated for election to the Audit Commission:




1. Tatyana Knyazheva;

2. Tatyana Kurkova;

3. Gulnara Mingazova.




1. To include in Agenda of 2016 Annual General Meeting Shareholders Meeting the item:

   • Appointment of independent auditors of JSC "CZP"

     with the wording of decision: "To approve LLC "Agency "Taxes and Financial Law" and JSC KPMG as auditors of JSC "CZP".

     
     

2. To appoint from March 09, 2016 Tatyana Knyazheva as the Head of Internal Audit Department.




About Chelyabinsk Zinc Plant




Chelyabinsk Zinc Plant is the leading Russian zinc and zinc alloys producer. In 2015 the plant produced 171,002 tonnes of salable 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, [e-mail]

Tel: [phone]




Evgeny Ponomarev, IR, [e-mail]

Tel: [phone]