CZP will host an Investor Conference Call to discuss its IFRS financial statements and comment on current operations, today, December 23, 2008 at 6pm Moscow time (3pm London time, 10am New York time).

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

Once connected, the participant should enter the passcode: 513 238#

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

then enter your Meeting ID/Meeting number K9611514 and Password: 513 238.

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