Regulatory disclosure

Notification and public disclosure of transactions by persons discharging managerial responsibilties and persons closely associated with them

PJSC Polyus (LSE, MOEX — PLZL) (“Polyus” or the “Company”), the largest gold producer in Russia, announces that it was notified by Polyus Gold International Limited that on 19 January 2018 it transferred 5,124,788 Regulation S Global Depositary Shares (“GDRs”) representing ordinary shares of the Company to Deutsche Bank AG, London Branch and J.P. Morgan Securities plc pursuant to the stock lending arrangements, which are expected to be used for the purposes of facilitating hedging activities of investors in the senior unsecured guaranteed convertible bonds due 2021 to be issued by Polyus Finance plc and guaranteed jointly and severally by the Company and Joint Stock Company Polyus Krasnoyarsk. The initial aggregate facility maximum amount under the stock lending arrangements of 5,124,788 GDRs is expected to be decreased to 4,995,732 GDRs on 26 January 2018 and will then be from time to time subject to adjustment under the terms of the respective stock lending facility. The number of GDRs transferred under the stock lending agreements may from time to time change as a result of a return or subsequent borrowing of the GDRs in accordance with the terms of the respective stock lending facility. The information provided in such notification is included with this announcement.

Polyus

Polyus (www.polyus.com) is the largest gold producer in Russia and one of the top 10 gold miners globally with the lowest cost position. Based on its 2016 Ore Reserves and Mineral Resources, Polyus ranks second by attributable gold reserves and third by attributable gold resources among the world’s largest gold mining companies.

Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).

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