PJSC Chelyabinsk Zinc Plant - Final Results

NEWS RELEASE

For Immediate Release – March 9, 2017

Chelyabinsk Zinc Plant Announces 2.2% Production Increase in 2016

Chelyabinsk, Russia – March, 9, 2017 – 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 twelve months ended December 31, 2016.

Chelyabinsk Zinc Plant (CZP) produced 174,803 tonnes of salable SHG zinc and zinc based alloys in 2016, an increase of 2.2% as compared to 2015 (171,002 tonnes).

CZP’s affiliated company, Nova Zinc LLC, operator of Akzhal zinc and lead ore mine in Kazakhstan, produced 36,718 tonnes of zinc in zinc concentrate in 2016 (in 2015 - 36,150 tonnes). Lead in lead concentrate production increased to 5,677 tonnes (vs. 5,655 tonnes in 2015).

CZP’s subsidiary, The Brock Metal Company Limited (the leading UK supplier of zinc die-casting alloys) sold 36,905 tonnes of zinc alloys in 2016, an increase by 1.4% as compared to 2015 (36,398 tonnes).

About Chelyabinsk Zinc Plant

Chelyabinsk Zinc Plant is the leading Russian zinc and zinc alloys producer. In 2016 the plant produced 174,803 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 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