Notice of letter to shareholders

2 June 2017

Petropavlovsk PLC (the "Company")

Issuance of a Letter

Petropavlovsk PLC (the "Company") announces that it has today issued a letter to certain retail shareholders who hold their shares through a nominee to encourage them to vote on the resolutions to be proposed at the Company's forthcoming Annual General Meeting to be held on 22 June 2017. The letter informs them about the publication of the AGM Circular on 30 May 2017 and details the Board's unanimous recommendation that shareholders vote against resolutions 6 to 9 (inclusive), and vote in favour of resolutions 1 to 5 (inclusive) and 10 to 18 (inclusive) as set out in the Notice of Meeting.

A copy of the letter has been submitted to the National Storage Mechanism and will be available for inspection on the website at www.morningstar.co.uk/uk/nsm. A copy is also available on the Company's website at www.petropavlovsk.net.

The Company has made available on the website the interview which took place on 30 May 2017 by the Company's Chairman, Mr Peter Hambro with BBC Radio 4. The Company has also made available on its website a video of a Pre-AGM Update by the Company's Chairman, Mr Peter Hambro and Mr Andrew Vickerman, independent Non-Executive Director.

The Company will publish an Exploration Update during the week commencing 5 June 2017.

Enquiries

Petropavlovsk PLC

Alya Samokhvalova - Deputy CEO Strategic Development

Grace Hanratty - Investor Relations

+44 (0) 20 7201 8900

Maitland

Neil Bennett

James Isola

+44 (0) 20 7379 5151