Chelyabinskiy tsinkovyi zavod : Production Results of Chelyabinsk Zinc Plant for Q1 2016

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For Immediate Release - April 25, 2016

Production Results of Chelyabinsk Zinc Plant for Q1 2016

Chelyabinsk, Russia - April 25, 2016 - Chelyabinsk Zinc Plant (LSE, MICEX-RTS: CHZN), Russia's largest producer of zinc and zinc alloys, is pleased to announce its production results for the three months, ended March 31, 2016.

Chelyabinsk Zinc Plant (CZP) produced 45,468 tonnes of salable SHG zinc and zinc based alloys in Q1 2016, which is of the same level as in Q1 2015 (44,884 tonnes). 55% of metal was supplied to the domestic market (Q1 2015: 65%).

CZP's affiliated company, Nova Zinc LLC, operator of Akzhal zinc and lead ore mine in Kazakhstan, in Q1 2016 produced 8,990 tonnes of zinc in concentrate, lead in concentrate - 1,862 tonnes, similar to the volumes as in Q1 2015 (zinc in concentrate - 8,892 tonnes; lead in concentrate - 1,842 tonnes).

CZP's subsidiary, The Brock Metal Company Limited (the leading UK supplier of zinc die- casting alloys) sold 9,409 tonnes of zinc alloys in Q1 2016, a decrease by 2% as compared to Q1 2015 (9,603 tonnes).

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]

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Evgeny Ponomarev, IR, [e-mail]

Tel: [phone]