Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Polymetal International plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

✓

Other (please specify):

Change of regulations

3. Full name of person(s) subject to thenotification obligation: iii

Mr. Alexander Mamut

4. Full name of shareholder(s)  (if different from 3.):iv

Vitalbond Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

22 December 2015

6. Date on which issuer notified:

27 December 2015

7. Threshold(s) that is/are crossed orreached: vi, vii

Notification is made following implementation of the Transparency Directive Amending Directive into UK law on 26 November 2015, which changed the regime relating to the disclosure of repurchase agreements. 

Thresholds that are crossed:

Below 3% (for voting rights attached to shares)

6% (for Qualifying Financial Instruments)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

JE00B6T5S470

27,505,259

27,505,259

0

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

Sale and repurchase agreements

n/a

n/a

28,115,959

6.62

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

28,115,959

6.62

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Vitalbond Limited's direct holding in Polymetal International plc is 6.62% (28,115,959 shares).

A&NN Investments Limited's direct holding in Vitalbond Limited is 100%.

Alexander Mamut's indirect holding in Vitalbond Limited is 100%.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Representative

Mrs. Svetlana Bulanova

15. Contact telephone number:

Tel. (Cyprus): +357 25-55-88-80