Source - PRN

NEWS RELEASE

For Immediate Release – September 14, 2016

Chelyabinsk Zinc Plant announces the issue of the report on payments to governments

Chelyabinsk Zinc Plant (LSE, MICEX-RTS: CHZN), Russia's largest producer of zinc and zinc alloys, issues the report on payments to governments for the year ended 31 December 2015

The report contains the review of payments to governments, made by PJSC Chelyabinsk Zinc Plant and its subsidiaries arising from activities involving the exploration, prospection, discovery, development and extraction of minerals.

Information in the report is prepared in accordance with the requirements of Reports on Payments to Governments Regulations 2014 (2014/3209) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules.

The report is available on Company’s website: http://en.zinc.ru/for-investors/reports/.

Payments per governments

‘000 RUB Taxes Bonuses Payments for infrastructure improvements Total
The Republic of Kazakhstan 555,145 11,832 18,715 585,692
Total 555,145 11,832 18,715 585,692

Payments per project

‘000 RUB Taxes Bonuses Payments for infrastructure improvements Total
LLP “Nova Zinc” 555,145 11,832 18,715 585,692
Total 555,145 11,832 18,715 585,692

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 2015 was RUB 24,013 mln and EBITDA was RUB 4,789 mln.

Ordinary shares of CZP are traded on the Moscow exchange 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, [email protected]Tel: +7 (351) 799-01-52