OREANDA-NEWS. Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN), the leading Russian producer of premium quality zinc and zinc alloys, has been notified by the registrar (Moskovsky Branch of ZAO Registrar INTRAKO) that the distribution within the CZP share register system of the additional share issue registered by the Federal Service for Financial Markets (FSFM) (State Registration No. 1-01-45040-D-004D, 48,775,869 shares with a par value of 1 ruble each) among persons included in the register as of the date of the offering was completed by way of the allocation of additional securities pro rata to existing holdings.

Thus each shareholder received 9 additional ordinary company shares for each ordinary share held. Further to the additional share issue, on the date of distribution of the additional shares The Bank of New York made the corresponding amendments to the program of Global Depositary Receipts established under the Deposit Agreement between CZP and The Bank of New York. Following such amendment the ratio of GDRs to CZP shares became 1:1. 

In accordance with Articles 25 and 27.6 of the Federal Law on the Securities Market the fifth share issue of CZP will be listed on the stock market after registration by the issuer of the Report on the Results of the Share Offering with the FSFM, which is expected to happen in November 2007. 

On the day following submission by the issuer of a copy of the registered report on the results of the securities issue to the RTS, the additional share issue will be listed for trading on the stock exchange. In accordance with RTS procedure, the additional share issue will be included in the company’s capitalization as soon as the additional shares are listed for trading on the stock exchange.