NСR assigns an AAA.ru credit rating to PJSC Polyus with a stable outlook

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

PJSC Polyus (MOEX: PLZL) (“Polyus”, or the “Company”) notes that National Credit Ratings (NCR), a Russian credit agency, has assigned an AAA.ru credit rating to the Company and one of its subsidiaries. This is the highest rating category according to the agency`s methodology. The rating outlook is “stable”.

NCR notes that the rating decision is driven by Polyus` leading positions among Russian gold producers, the high liquidity of its finished products and its substantial gold reserves, ensuring more than 30 years of stable operations.

In addition, NСR highlights the Company’s strong ratios of liquidity, operating margins and debt servicing, which support the assessment of the Company’s business profile.

Polyus

Polyus is a Top-5 global gold mining company by production volumes and one of the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Capital Markets Department

Forward looking statement

This announcement may contain “forward-looking statements” concerning Polyus and/or Polyus Group. Generally, the words “will”, “may”, “should”, “could”, “would”, “can”, “continue”, “opportunity”, “believes”, “expects”, “intends”, “anticipates”, “estimates” or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus Group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus Group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as of the date of this announcement. Polyus and/or any Polyus Company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.