Regulatory disclosure

Notice to holders of Regulation S Global Depositary Shares

PJSC Polyus

PJSC Polyus (LSE, MOEX — PLZL) (the «Company») notes the notice issued yesterday by The Bank of New York Mellon, the depositary in respect of the Company’s global depositary shares programs, to holders of Regulation S Global Depositary Shares representing shares of the Company («GDSs») notifying the holders of the GDSs that the Company has decided not to proceed with the proposed exchange of the GDSs into Level I American depositary shares.

The Company’s Regulation S GDSs (ISIN: US73181M1172; CUSIP: 73181M117), Rule 144A GDSs (ISIN: US73181M1099; CUSIP: 73181M109) and Level I ADSs (ISIN: US73181P1021; CUSIP: 73181P102) will continue to trade on the London Stock Exchange under the trading symbols «PLZL», «PLZA» and «PLZB», respectively.

Polyus Enquiries:

Investor Contact
Victor Drozdov, Director Investor Relations
7 (495) 641 33 77 drozdovvi@polyus.com

Media contact
Victoria Vasilyeva, Director Public Relations
7 (495) 641 33 77 vasilevavs@polyus.com

Important Notice

This announcement is not, and under no circumstances is to be construed as, a public offer or advertising or an invitation to make offers to sell, purchase, exchange or otherwise transfer or dispose of any securities, including securities of foreign issuers, or other financial instruments in the Russian Federation within the meaning of Russian securities laws or to or for the benefit of any persons or entities resident, incorporated, established or having their usual residence in the Russian Federation, or to or for the benefit of any person located within the territory of the Russian Federation, who, in respect of depositary shares, is not a «qualified investor» within the meaning of Article 51,2 of the Russian Federal Law «On the Securities Market» No. 39-FZ dated 22 April 1996, as amended, and must not be distributed or circulated into the Russian Federation or made available in the Russian Federation, to any persons who are not qualified investors, unless and to the extent the recipients are otherwise permitted to access such information under Russian law. The depositary shares referred to in this announcement have not been registered in Russia or admitted to placement and/or public circulation in the Russian Federation and the information contained in this announcement is not to be made publicly available in the Russian Federation or passed on to third parties in the Russian Federation, unless otherwise permitted under Russian law. The securities are not intended for «offering», «placement» or «circulation» (each as defined in Russian securities laws) in the Russian Federation, except as permitted by Russian law.

The GDSs and Level I ADSs have not been and will not be registered under the US Securities Act of 1933.