NEWS RELEASE                                  

                                              For Immediate Release - July 05, 2017

                   Chelyabinsk Zinc Plant's Board Meeting Decisions                

    Chelyabinsk, Russia - July 05, 2017 - Chelyabinsk Zinc Plant (LSE, MICEX:
    CHZN), Russia's largest producer of zinc and zinc alloys, announces the
    decisions made by the Board of Directors at the meeting on July 05, 2017.

    The Board of Directors re-elected Oleg Melukhov as Chairman and Albert Batrshin
    as Company Secretary.

    The members of the Board of Directors formed the Audit Committee. The following
    independent directors joined the Committee:

      * Vladimir Belykh - Chairman of the Committee;
       
      * Vladimir Bublik;
       
      * Bronislav Gongalo.
       
        CZP's Board elected the Management Board of CZP which includes:
       
      * Pavel Izbrekht (General Director);
       
      * Michael Kabanov (Director for mine-mill activities);
       
      * Sergey Kondakov (Chief accountant);
       
      * Ekaterina Korkunova (Head of finance and economic office);
       
      * Igor Latypov (Security Director);
       
      * Dzhakhangir Makhmudov (Deputy General Director for commercial and financial
        affairs);
       
      * Konstantin Rozenberg (Director for human resources and administration);
       
      * Alexander Zatonskiy (Technical Director).
       
    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 2016 was RUB 30,347 mln and
    EBITDA was RUB 6,964 mln.

    CZP ordinary shares 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, ngv@zinc.ru

                                                            Tel: +7 (351) 799-01-52