Chelyabinsk, Russia – October 23, 2009 – Chelyabinsk Zinc Plant (LSE, RTS, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, is pleased to announce its production results for the nine months of 2009.

July through September 2009, Chelyabinsk Zinc Plant (CZP) produced 31,5 thousand tonnes of salable SHG zinc and zinc based alloys, an increase of 15.3% as compared to the second quarter of 2009 (27.3 thousand tonnes) and an increase of 29.6% as compared to first quarter of 2009 (24.3 thousand tonnes).

January through September 2009, Chelyabinsk Zinc Plant (CZP) produced 83.2 thousand tonnes of salable SHG zinc and zinc based alloys, a decrease of 29.6% as compared to the same period of 2008 (118.1 thousand tonnes). 64% of salable metal was supplied to the domestic market.

CZP’s subsidiary, Nova Zinc LLC, operator of Akzhal zinc and lead ore mine in Kazakhstan, processed 916.7 thousand tones of ore in January - September of 2009, 9.3% less than for the same period of 2008 (1,010.5 thousand tonnes).

Average zinc content in the ore for the period was 3.15% with average lead content of 0.41%, compared to 2.49% and 0.5% respectively a year ago.

Production of zinc in zinc concentrate for the first nine months of 2009 increased 14.6% to 26,229 tonnes over the prior year result of the same period of 22,889 tonnes. Lead in lead concentrate production decreased by 24.2% to 3,042 tonnes (vs. 4,015 in 2008).

CZP’s subsidiary, The Brock Metal Company Limited (the leading UK supplier of zinc die-casting alloys) sold 15,731 tonnes of products January through September 2009, 25.3% less than for the same period of 2008 (21,058 tonnes).

On Thursday, October 29, 2009 CZP will present its IFRS consolidated interim financial statements for the 6 months ended 30 June 2009. At the same day at 4 pm Moscow time (1 pm London time, 9 am New York time) CZP will host an Investor Conference Call to discuss its financial results and comment on current operations. Media are invited to attend on a listen-only basis.

To participate in the conference call dial one of the dial-in numbers as follows:

• If dialing from Russia: (495) 981-0871

• If dialing from UK: 0800 0284183 (toll free)

• If dialing from the USA: 1 866 297 7327 (toll free)

If dialing from countries other than specified please refer to

https://www.conferencing.bt.com/pdf/bookedglobalaccess/automated.pdf.

Once connected, the participant should enter the passcode: 845 984#

To join the web conference, paste the following link into the address bar of your web browser: https://www.livemeeting.com/cc/bt_uk_event1/webJoin, 

then enter your Meeting ID/Meeting number K0526758 and Password: 845984.

The recording of the conference call and the presentation will be available on CZP’s web-site (www.zinc.ru) in the Investor Relations section.