OREANDA-NEWS. On May 11, 2007 the Board of Directors of the Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZNG) adopted a decision to hold the Annual General Shareholders’ Meeting of CZP on June 29, 2007.  The Board of Directors of CZP set May 11, 2007 as the record date for preparing the list of persons entitled to participate in the Annual General Shareholders’ Meeting of CZP, reported the press-centre of  Chelyabinsk Zinc Plant.
The Annual General Meeting of the Company’s shareholders will address the following agenda items:
1. Adoption of the annual report and annual financial statements, including the profit and loss statement (profit and loss account) of CZP, and distribution of profits and losses of CZP based on the results of the 2006 financial year.
2. Payment of remuneration to members of the Board of Directors of CZP as per the results of the 2006 financial year.
3. Election of the Board of Directors of CZP.
4. Election of the Audit Commission of CZP.
5. Appointment of the external auditors of CZP.
6. Determination of the cost of Directors’ and Officers’ Liability insurance for CZP.
7. Approval of the interested party transaction to purchase Directors’ and Officers’ Liability insurance for CZP.
The Board of Directors of CZP has decided to recommend to the Annual General Shareholders’ Meeting of CZP not to announce or pay annual dividends based on the results of the 2006 financial year.
Ruled by the current legislation of Russian Federation and CZP’s Charter, the Board of Directors nominated the candidates suggested by the shareholders for the Board of Directors to be approved by the AGM. The list of nominees included Sergei Moiseyev, Arkley Capital;
Vsevolod Geikhman, CZP OJSC; Alexander Fyodorov, Chelyabinsk Pipe Plant OJSC; Alexei Shilov, LT-Group LLC; Christian Schaffalitzky de Muckadell, Eurasia Mining Plc; Johann Albrecht Adriaan (Hans) Bouman, Euromin S.A.; Leonid Kazanbayev, CZP OJSC; and Boris Birman, CZP OJSC.
The information (materials) that must be provided to shareholders in preparation for the Annual General Shareholders’ Meeting will be available for perusal from June 8, 2007 (during business hours from 10:00AM to 5:00PM) at the Property Department of CZP, situated at: Sverdlovsky Trakt, 24, Chelyabinsk, Russia, and at the offices of the registrar at: Moskovsky Branch of ZAO Registrar INTRAKO, Volgogradsky Prospect, 2, Moscow, Russian Federation (during business hours from 10:00AM to 2:00PM).
Venue for the Annual General Shareholders’ Meeting: Conference Hall of the plant administration building (bldg. 4), situated at: Sverdlovsky Trakt, 24, Chelyabinsk, Russian Federation. Start of the Annual General Shareholders’ Meeting: 4:00PM.  Start of registration of meeting participants: 3:00PM.
Postal address for forwarding completed voting ballots: Moskovsky Branch of ZAO Registrar INTRAKO, Volgogradsky Prospect, 2, Moscow, 109316, Russian Federation. Deadline for submission of completed voting ballots to the Company: June 26, 2007.