OREANDA-NEWS. May 03, 2011. The Board of Directors of JSC Chelyabinsk Zinc Plant (“JSC CZP”) (LSE, RTS, MICEX: CHZN) adopted a decision to hold an Annual General Shareholders’ Meeting of JSC CZP on June 23, 2011. Shareholders can participate in the meeting personally or submit voting ballots which will be counted for the purposes of the meeting’s quorum. The Board of Directors of JSC CZP has set May 08, 2011 as the record date for preparing the list of shareholders entitled to participate in the Annual General Meeting.

The Annual General Meeting will address the following agenda items:

The adoption of the annual report and annual financial statements, including the profit and loss account of JSC CZP, and distribution of profits and losses of JSC CZP based on the results of the 2010 financial year.

The adoption of redrafted Regulations on the Audit Commission of JSC CZP.

The election of the Board of Directors of JSC CZP.

The election of the Audit Commission of JSC CZP.

The appointment of the external auditors of JSC CZP.

The approval of an interested party transaction in relation to the obtaining of directors and officers liability insurance for JSC CZP.

The determination of the cost for the provision of directors and officers liability insurance for JSC CZP.

The Board of Directors of JSC CZP has decided to recommend to the Annual General Shareholders' Meeting of JSC CZP not to declare or pay annual dividends based on the results of the 2010 financial year.

In accordance with current legislation of Russian Federation and CZP's Charter, the current Board of Directors has nominated those candidates for the new Board of Directors proposed by the shareholders for approval by the AGM. The list of nominees includes:

Alexander Tatarkin (academician of the Russian Academy Of Sciences, Doctor of the Economic Science, director of the Institute of economics Ural branch of RAS);

Vladimir Bublik (Doctor of Juridical Science, rector of the Ural State Law Academy);

Stanislav Naboichenko (corresponding member of the Russian Academy Of Sciences, Doctor of the Technical Science, president of the Ural State Technical University);

Oleg Meluhov (PhD in Technical Sciences, director for corporate relations and special projects of the LLC UMMC-Holding);

Igor Myskin (General Director of the CJSC "Skat-Reil");

Andrey Panshin (PhD of Technical Science, General Director of the JSC CZP);

• Rinat Shakirzyanov (commercial and financial depute General Director of the JSC CZP).

The information (materials) that must be provided to shareholders in preparation for the Annual General Shareholders' Meeting will be on display from June 03, 2011 (on business days during business hours from 10:00AM to 04:00PM) at the Department of corporate and property relations of JSC CZP: 24 Sverdlovsky Trakt, Chelyabinsk 454008, Russian Federation.

Completed voting ballots should be forwarded to the following addresses:

JSC Chelyabinsk Zinc Plant, 24 Sverdlovsky Trakt, Chelyabinsk 454008, Russian Federation.

CJSC "VRK", 16 Dobrolyubova Street, 5th floor, Yekaterinburg, 620014 Russian Federation.

The deadline for submission of completed voting ballots: June 21, 2011.

The Annual General Meeting will be held at the following venue: The Conference Hall of the plant administration building (bldg. 4), situated at: 24 Sverdlovsky Trakt, Chelyabinsk, Russian Federation. The Annual General Meeting will start at 02:00PM (local time), with the registration of meeting participants beginning at 12:00AM (local time).