NEWS RELEASE                                  

                                              For Immediate Release - June 27, 2017

                           Chelyabinsk Zinc Plant Holds AGM                        

    Chelyabinsk, Russia - On June 27, 2017 Chelyabinsk Zinc Plant (LSE, MICEX:
    CHZN) has held its Annual General Shareholders' Meeting. Participants in the
    AGM, including shareholders and their representatives, control 98.114% 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, 2016, and Company's social and
    corporate policy.

    The AGM approved the annual report and the financial statements of PJSC "CZP"
    for 2016.

    The AGM voted in favor of not declaring and distributing dividends based on the
    results of the 2016 reporting year. Undistributed profit for 2016 at the amount
    of RUB 3,964,713 thousand to allocate for finance the priority projects of JSC
    "CZP".

    The AGM voted in favor of the non-distribution of profits in the amount of
    3,964,713 thousand rubles, received by PJSC "CZP" according to the results of
    2016 reporting year. Dividends for 2016 fiscal year are not payable.

    The Shareholders elected the Board of Directors in an amount of 7 members. The
    following persons were elected to the Board:

      * Vladimir Belykh;     
       
      * Vladimir Bublik;
       
      * Bronislav Gongalo;
       
      * Pavel Izbrekht;
       
      * Elfat Ismagilov;
       
      * Oleg Meluhov;
       
      * Andrey Panshin.
       
    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; the new edition of the PJSC CZP Corporate Governance Code and
    amendments and additions to the PJSC CZP Charter were adopted.

    About Chelyabinsk Zinc Plant

    Chelyabinsk Zinc Plant is the leading Russian zinc producer. In 2016 the plant
    produced 174,803 tonnes of saleable SHG zinc.

    According to consolidated IFRS accounts, revenue in 2015 was RUB 30,347 mln and
    EBITDA was RUB 6,964 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