Chelyabinsk Zinc Plant Holds EGM

Chelyabinsk, Russia – January 18, 2010 – On Tuesday, January 12, Chelyabinsk Zinc Plant (LSE, RTS, MICEX: CHZN) has held its Extraordinary General Shareholders’ Meeting. Participants in the EGM, including shareholders and their representatives, control 76,23 % of the Company’s voting shares.
Shareholders elected the Board of Directors and Internal Audit Commission of CZP. The following members were elected to the Board of Directors:
Vladimir Bublik (Doctor of Juridical Science, rector of the Ural State Law Academy)
Oleg Meluhov (PhD in Technical Sciences, director for corporate relations and specific projects of the LLC “UMMC-HOLDING”)
Igor Myskin (CSJC “RMC”)
Stanislav Naboichenko (corresponding member of the Russian Academy Of Sciences, Doctor of the Technical Science, president of the Ural State Technical University)
Andrey Panshin (PhD of Technical Science, CEO of the JSC “CZP”)
Alexander Tatarkin (academician of the Russian Academy Of Sciences, Doctor of the Economic Science, director of the Institute of economics Ural branch of RAS)
Rinat Shakirzyanov (commercial and financial depute CEO of the JSC “CZP”)
At the Board meeting held following the AGM, Oleg Meluhov was elected as Chairman of the Board.
Oleg Meluhov was born in 1953, graduated from the Radio Engineering Faculty, Ural Polytechnic Institute with a degree in automatic control systems. In 1982 he defended his thesis with a degree in “Technical cybernetics and information theory”, further worked as an assistant professor and led the scientific work at the department of automated systems of the Ural Polytechnic Institute. Since July 2002 - director for corporate relations and specific projects of the LLC “UMMC-HOLDING”. “The new Board of Directors reflects the changes in the ownership structure of JSC "CZP", - mentioned the newly elected Chairman of the Board of Directors Oleg Meluhov - the newly elected Board of Directors will manage the company in accordance with the new strategy. JSC “CZP” faces challenges of the expansion and modernization production, and the Board of Directors will address critical issues associated with this process. It should be noted that the Board of Directors includes three independent directors, recognized professionals in the field of metallurgy, economics and law.
I also want to congratulate all the staff JSC “CZP" the coming 75-year anniversary!
Despite the difficult economic conditions recently, the company meets all the social obligations: managed to avoid massive reductions in personnel, in full compliance with the conditions of the
collective agreement. For its part, is ready to make every effort to help maintain a stable social and economic situation in the company”.