30 June 2009 the annual general meeting of shareholders of OAO Chelyabinsk Zinc Plant. The meeting was attended by shareholders and their representatives, with 73.46% of the total number of voting shares.

On behalf of the Board of Directors-General Director Vsevolod Geyhman presented the annual report to shareholders on the results of production and financial performance of OAO CHTSZ for 2008.

The general meeting of shareholders approved the annual report, annual accounts, including the income of JSC CHTSZ for 2008.

The shareholders also endorsed the decision of the board of directors does not distribute profits, dividends do not accrue and no payment in connection with losses obtained on the basis of the society in the reporting year. The source of damages agreed to take profit of the previous periods, the remainder at the disposal of society. As an auditor of OAO CHTSZ for 2009, shareholders approved the company LLC Audit-NAS and ZAO PricewaterhouseCoopers Audit .

the decision of the general meeting of shareholders has been elected to the Board of Directors and audit committee. The Board of Directors includes: Geyhman Vsevolod Vladimirovich (JSC CHTSZ), Alexei V. Shilov (CMT-Technologies LLC), Hans Baumann (Johann Albrecht Adriaan (Hans) Bouman), Zatonsky Alexander V. (JSC CHTSZ ), Sergey Moiseev Igorevich (OOO ARKLI CAPITAL), Alexander Fedorov (JSC ChTPZ ), Christian Shafalitski (Christian Schaffalitzky de Muckadell) (Eurasia Mining Plc).

At the same day after completion of the general meeting of shareholders of the first meeting of the elected Board of Directors Chairman of the Board was elected Vsevolod Geyhman, general director was appointed - Alexander Zatonsky.

Since 2006, work led by my board of directors was aimed at implementing the strategy of the company, whose main objectives are to achieveby 2010 the project of production of 200 thousand tons of metallic zinc and 100 per cent to ensure the needs of the zinc production of its own raw materials. With to build the production program and to improve production efficiency, we implemented a major investment projects - in 2007, made a new start-up of the large-oven Veltze, in 2008 after a complete renovation CHTSZ put into operation a system of sulfuric acid (set number 4). Through the acquisition of mining and enrichment plant Kazakhstan (Nova Zinc LLC, operator of lead-zinc deposits Akzhan) and British producer alloys Brock Metal, we have formed a vertically integrated company, set up to ensure stable production of raw materials.

In the face of volatile market conditions caused by the global financial and economic crisis in 2009, the priorities of the company will reduce transaction costs and saving the company the leading position in the Russian market, as well as strengthening the reputation of a reliable supplier among foreign consumers. I am convinced that the vast experience and knowledge of Vsevolod Geyhmana and Alexander Zatonskogo ensure effective management of the company in the current economic situation, and they successfully continue the development of enterprises , - said ex-chairman of the Board of Directors Sergey Moiseev.
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