27th May 2008 15:11
For immediate release Moscow, May 27, 2008
OJSC Polyus Gold Press Release
OJSC Polyus Gold (RTS, MICEX and LSE - PLZL)("Polyus Gold"), Russia's leading gold producer, announced that it has received notice from the UK Financial Services Authority, acting in its capacity as the UK Listing Authority ("UKLA"), that the UKLA is conducting a preliminary review into the compliance by Polyus Gold with the UK's Disclosure and Transparency Rules. According to the notice this enquiry relates to the material increases in the price of Polyus Gold's depositary receipts around the time of the press announcements on 16 May 2008 that Kazimir Partners made an unsolicited offer to acquire 4,766,000 ordinary shares of Polyus Gold (approximately 2.5% of its ordinary shares) for US$350m and the company's announcement of the offer on 20 May 2008.
- Ends -
Polyus Gold is the largest gold producer in Russia. Headquartered in Moscow, Polyus Gold's operating mines and development/exploration projects are located in five major gold mining regions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republic of Sakha (Yakutia). The company produced 1.2 m oz of gold in 2007.
For further information please contact: For investors:
Alexey V. Chernushkin, Director, CM and IREvguenia V.Buydina, IR manager +7(495) 641-3377 +7(495) 785-4031[email protected]
For press:
Victoria V. Vergelskaya, PR DirectorElena D. Evstigneeva, Media Relations +7 (495) 641-3365 +7 (495) 544-5496[email protected]
Related Shares:
PLZL.L